For Sale: 7555 Fernmar Road, Nanaimo, BC - REW
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$8,900,000
0 bd • 0 ba • sf • Land/Lot
7555 Fernmar Road
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$8,900,000
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7555 Fernmar RoadNanaimo, BC, V0R 2H0

Upper Lantzville
  • 0 Bed
  • 0 Bath
  • Sqft
  • Land/Lot

About this home

Developers/Investors Alert! Rare 18.5-acre dev opportunity in the heart of Lantzville,one of Vancouver Island’s most desirable coastal communities. This prime parcel is zoned R1 & offers the potential for 35 residential lots,approx just under 1/2 acre,many of which capture ocean views.The prop is ideally located beside Winchelsea View Golf Course & just mins from North Nanaimo’s shopping,beaches,restaurants & amenities making it a highly attractive future residential community.The seller currently has an engineer completing a Preliminary Layout Approval (PLA) application with the District of Lantzville, providing a valuable step forward for future development. Under current R1 zoning,the property may allow for 4 doors,multiple dwellings,(buyer to verify development potential & density with the Dist of Lantzville)A rare opportunity to secure a significant land holding in a sought-after location with strong long-term development potential.All msmts are approx & should be verified if imp.
Listed by: Barbara Power PREC*, Royal LePage Nanaimo Realty LD

Home facts and features

Price details
List Price
$8,900,000
Get Pre-Approved
Gross Taxes for 2024
$3,242
Home facts
Bedrooms
0
Full Bathrooms
0
Parking Spaces
10
Property Type
Land/Lot
Lot Size
18.5 acres
Title
Freehold
Features
Acreage, Easy Access, Family-oriented Neighbourhood, No Through Road, On Golf Course, Park Setting, Private, Quiet Area, Rural Setting
Amenities
Marina Nearby, Recreation Nearby
Community
Agent details
Primary Agent
Primary Broker
Royal LePage Nanaimo Realty LD
Listing details
Days on REW
83 Days
Property Views
774
MLS® Number
1028998
Source
Victoria and Vancouver Island MLS
Board
Vancouver Island Real Estate Board
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Seaview Elementary School
  • Public
  • K - 7
  • In Catchment
Aspengrove School
  • Independent
  • K - 12
Dover Bay Secondary School
  • Public
  • 8 - 12
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Call Agent
Personal Real Estate Corporation
Barbara Power PREC*
Phone:
250-268-9377
Cell:
250-268-9377
Office:
250-245-2252
Fax:
250-245-5617
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.