2555 East Wellington Rd, Nanaimo

$2,150,000 |   MLS® Number  885712

Lot for sale in Nanaimo, University District, 2555 East Wellington Rd, 885712 | Realtylink.org

Lot for sale

Lot Size
686,070 sqft
Gross Property Tax
$9,075 /year

First time for sale in 40 years. 15 gently sloping vacant land in the city, not in the ALR. Located on the corner of East Wellington Rd and Stobart Rd. There is an artesian well near the east corner,which neighbouring properties have access to via a small line sevice easement. City water line (see pix of fire hydrant) runs down the entire length of Stobart Rd. Mature trees, Fir & Cedar. Gently sloping to the east, with a very nice view, over neighboring farm properties. Preliminary investigations into sub-division suggest that it can be subdivided into 3 parcels of five acres each, and each parcel can have TWO homes on it. One of those lots ( and only 1) can be connected to the city water line. A suggested subdivision layout for 64 lots, when sewer is available, is included, but it's up to the buyer to investigate the properties potential. Close to amenities, and hiking/biking activities. Great property for a group to hold and develop. Measurements are approx.