Nanaimo serves as a hub for many central and northern Vancouver Island communities, but has recently seen many significant developments plus reinvigoration of the downtown as a tourism and commerce center. It has the mildest climate in Canada with growing jobs and business opportunities and increasingly more retirees and seniors are relocating here. This prime site can be developed on its own or combined with the 2 adjoining properties as a package. It has existing designs for 65room hotel expansion and convention facility or 33 strata condos with commercial, health spa and retail. These designs do not reflect the current higher density and height designations prevalent in the area recently. It is a perfect location for a senior/care facility, as there are many in the area of Long Lake. It is zoned COR2 with base density of 1.25 up to 1.75 FSR on its own. Combined with the adjoining sites, it may achieve density well over 2.0 FSR.
Address |
4900 Rutherford Rd |
List Price |
$4,200,000 |
Property Type |
Commercial Sale |
Type of Dwelling |
Mixed Use |
Area |
Nanaimo |
Sub-Area |
Na Uplands |
Lot Size |
52272 Sq. Ft. |
Lot Size Acres |
1.2 Ac. |
MLS® Number |
977920 |
Listing Brokerage |
Sutton Group-West Coast Realty Marine Drive
|
Postal Code |
V9T 4Z4 |
Tax Amount |
$24,823 |
Tax Year |
2023 |
Amenities |
Corner Lot, Easy Access, Near Golf Course, Shopping Nearby, Sloped, See Remarks |