This 1.89 acre (82510sf) parcel has R10 zoning which permits residential uses such as multifamily development and single family lots. Its current use is ideally an estate-type build with two residences to minimize access requirements. As a development property, this holds longer term value as a holding property until other development on surrounding properties is planned and economies of scale for access are realized. The City of Nanaimo under the Official Community Plan has designated this as Neighbourhood Corridor which supports multifamily. All zoning needs to be confirmed relative to the changes under BC Government Bill 44 and the City of Nanaimo's recent zoning changes. Services to the property line include both water and sewer; Fortis is approx. 100ft from property. The location is walking distance to both elementary and secondary schools, bus routes, and proximate to shopping, professional offices, and most other Departure Bay, Upland, and Central Nanaimo amenities. All measurements are approximate and should be verified if important.
Address
3470 Tunnah Rd
List Price
$435,000
Property Type
Residential
Type of Dwelling
Land
Area
Nanaimo
Sub-Area
Na Uplands
Lot Size
82510 Sq. Ft.
Lot Size (Acres)
1.89 Ac.
MLS® Number
984790
Listing Brokerage
RE/MAX of Nanaimo
Postal Code
V9T 2V9
Tax Amount
$2,282.00
Tax Year
2024
Amenities
Acreage, Central Location, Private, Quiet Area, In Wooded Area, See Remarks