7555 Fernmar Rd, Lantzville
Developers & Investors Alert! Rare 18.5-acre development opportunity in the heart of Lantzville, one of Vancouver Island’s most desirable coastal communities. This prime parcel is zoned R1 and offers the potential for 35 residential lots of approximately just under half-acres, many of which may capture ocean views. The property is ideally located beside Winchelsea View Golf Course and just minutes from North Nanaimo’s shopping, beaches, restaurants, and 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 and density with the District of Lantzville). A rare opportunity to secure a significant land holding in a sought-after location with strong long-term development potential. All measurements are approximate and should be verified if important. (id:62865)
Status
Active
Property Type
Vacant Land
Ownership
Freehold
Parking Spaces
10
Annual Tax
$3,242
Zoning
Residential
Parcel Number
002-689-669
Data Source
Vancouver Island Real Estate Board
Bedrooms
0
Bathrooms
0
Lot Size
18.5 acres
View
Ocean view
Lot Features
$8,900,000
Office
Royal LePage Nanaimo Realty LD
Loan Amount:
$7,120,000
Estimated Monthly Payment:
$34,697
This is an estimate for informational purposes only. Consult with a financial advisor.
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