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Home BC Greater Nanaimo Nanaimo Hammond Bay
4470 Burma Rd
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4470 Burma Rd $15,888,888
$15,888,888
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4470 Burma Rd
Nanaimo, British Columbia V9T5X4

MLS® Number: 962875

Listing Description

Welcome to the crown jewel of North Nanaimo! This 29.16-acre property is a developer's dream, offering immense potential for lucrative ventures. Currently zoned as Urban Reserve, envision over 22 dwellings sprawling across this vast expanse. With neighboring subdivisions fetching upwards of $500K for 6000sf lots, the investment potential is staggering. But wait, there's more! This property presents an unparalleled opportunity for rezoning, paving the way for multifamily or higher density usage. Imagine the possibilities: a vibrant community, a thriving commercial hub, or luxurious residential complexes. The choice is yours, limited only by your imagination. Nestled within this expansive parcel lies a stunning new 5-bed, 4-bath home, complete with a legal mortgage helper suite. BC Assessment measurements provide a solid foundation, with details to be verified by the discerning buyer. And for those seeking flexibility, vendor financing may be available for qualified buyers, subject to the seller's discretion. Don't miss out on this once-in-a-lifetime chance to secure your slice of Nanaimo's future. Seize the opportunity, and let your vision become reality. Reach out today to unlock the potential of this remarkable property! (27812252)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Neighbourhood Name
North Nanaimo
Title
Freehold
Land Size
29.1 ac
Annual Property Taxes
$32,083
Time on REALTOR.ca
42 days

Building

Building Features
Features
Acreage, Private setting, Wooded area, Rocky, Other
Total Units
0

Measurements

Exterior Building Size
3000 sqft

Land

Other Property Information
Zoning Description
AR2
Zoning Type
Unknown
Data provided by: Vancouver Island Real Estate Board 6374 Metral Drive, Nanaimo, British Columbia V9T 2L8

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