4900 Rutherford Rd Active

Nanaimo,BC V9T4Z4

$ 4200000

- Bed

- Bath

0 SqFt


Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Subdivision Uplands

MLS Listing ID 977920

Originating Board Vancouver Island Real Estate Board

Lot Size 1.200 Acres

Acres 52272.0

Property Description

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. (id:24570)

Location

State BC

Zoning Unknown

Exterior

Parking Features No

View Y/N No

Private Pool No

Others

Ownership Freehold

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