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7555 Fernmar Rd, Lantzville

MLS® #1028998
About this Property

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)

Property Information

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

Interior Details

Bedrooms

0

Bathrooms

0

Exterior & Lot

Lot Size

18.5 acres

View

Ocean view

Lot Features

AcreagePark settingPrivate settingOtherGolf course/parklandMarine Oriented

$8,900,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
Listing Courtesy of

Office

Royal LePage Nanaimo Realty LD

Mortgage Calculator
$1,780,000

Loan Amount:

$7,120,000

Estimated Monthly Payment:

$34,697

This is an estimate for informational purposes only. Consult with a financial advisor.