4851 Cedar Ridge Place.indd


Both Air Canada and more recently. Westjet have daily flights to and from Nanaimo's airport. Nanaimo is also the location of the Vancouver Island. University's ...

FOR SALE

4851 CEDAR RIDGE PLACE NANAIMO, BC

80,188 SF ZONED MULTI-RESIDENTIAL

VIEW OF LONG LAKE FROM PROPERTY

Tim Sommer Personal Real Estate Corporation Senior Vice President Investment Sales, Capital Markets Group 250 410 3005 [email protected] Suite 340 - 730 View Street / Victoria, BC V8W 3Y7 / 250 410 3000 / cushmanwakefield.com

FOR SALE

4851 CEDAR RIDGE PLACE NANAIMO, BC

LOCATION

IMPROVEMENTS

Nanaimo is located 90 minutes from Victoria on the Island Highway 19, and serves as the regional service center for northern and central Vancouver Island. The city has four major transportation connectors that include the Island Highway, Duke Point Ferry Terminal, Nanaimo Airport, and seaplane terminal. Both Air Canada and more recently Westjet have daily flights to and from Nanaimo’s airport. Nanaimo is also the location of the Vancouver Island University’s main campus.

The site is vacant and ready for development.

SITE SIZE 80,188 sf (1.84 acres)

ZONING COR2 – Mixed use corridor (1.25 - 1.75 FSR) (Zoning bylaw available upon request)

Specifically, the subject is situated east of the intersection of Island Highway, and Rutherford Road. Situated above Long Lake, the site features frontage on North Rutherford Road and Cedar Ridge Place.

LEGAL DESCRIPTION LOT 2, DISTRICT LOT 17, WELLINGTON DISTRICT, PLAN VIP64055 Parcel Identifier: 023-553-855

This site is across the street from Nanaimo North Town Centre. Anchored by London Drugs, Canadian Tire, Lowes, and Fairway Food Market, the centre has 600,000 square feet of convenient shops and services with strong national retailers, restaurants and entertainment. The site is in close proximity to the Parkway Trail, a 20-kilometer mixed-use path that runs from Chase River in the south to Aulds Road in the north, and serves as the backbone of Nanaimo’s trailways.

REGISTERED ENCUMBRANCES

TRANSIT Bus route 40, also known as VIU Express, is a major transit route that runs between Woodgrove Centre and into the Downtown core. The bus stops frequently along the way with major stops at Woodgrove exchange, Dover and Applecross, Nanaimo North Town Centre, Country Club Exchange, Beban Park, VIU Exchange, University Village on 5th, Prideaux Exchange and Port Place Centre and average frequency is 15 to 30 minute service.

Bus route 15 and 30 have a stop at Metral Drive and Somerset Drive which is a brief 11 minute walk to 4851 Cedar Ridge Place. Route 30 stops frequently with major stops at Woodgrove Centre, Boban and Mostar, Labieux and Pheasant, Country Club Centre, Meredith and Bowen, Hospital and Beaufort Centre along its way to the downtown core. Route 15 is more of an express route with travel between Woodgrove Centre and Vancouver Island Univertiy.

M76300 Exceptions and Reservations EG40138 Statutory Right of Way EG40139 Statutory Right of Way EJ2378 Covenant EJ135247 Statutory Right of Way EK52034 Covenant EK83437 Covenant EK88099 Covenant EK88100 Covenant

ASKING PRICE $2,100,000 ($26 psf)

Tim Sommer Personal Real Estate Corporation Senior Vice President Investment Sales, Capital Markets Group 250 410 3005 [email protected] E.&O.E.: This communication is not intended to cause or induce breach of an existing agency agreement. The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Cushman & Wakefield Ltd. 06/17 gh

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250 616 2155. DTZ Nanaimo Real Estate Ltd. 201 - 155 Skinner Street. Nanaimo, BC V9R 5E8. Tel: 250 753 5757 Fax: 250 753 4993. 4851 Cedar Ridge Place.

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