FOR SALE > 7.17 ACRES OF LAND IN SOUTH NANAIMO
FOR SALE > 7.17 ACRES OF LAND IN SOUTH NANAIMO
Mixed Use Development Site
Mixed Use Development Site
1331, 1337, 1401 WEXFORD ROAD, NANAIMO, BC
1331, 1337, 1401 WEXFORD ROAD, NANAIMO, BC
BRAD BAILEY 250 740 1060 EXT. 1
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Contact Us
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SOUTHGATE SHOPPING CENTRE TENTH STREET
MAKI ROAD
SOUTH PARKWAY PLAZA
JASON WINTON 250 740 1060 EXT. 2
[email protected] TWELFTH STREET 1
BRAD ARCHIBALD 250 740 1060 EXT. 3
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Opportunity This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2017. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Nanaimo).
COLLIERS INTERNATIONAL 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.collierscanada.com/nanaimo
Colliers is pleased to present this 7.17 acre mixed use development site in south Nanaimo. The property is located only 150 meters away from south Nanaimo’s main retail enclave including Country Grocery, Tim Hortons, RONA, and many more. The subject property is comprised of three separate land parcels (1331, 1337 and 1401 Wexford Road) and features a single family dwelling on 1331 Wexford Road. The site is currently zoned R-1: Single Dwelling Residential and requires rezoning in order to achieve the highest and best use.
BRAD BAILEY 250 740 1060 EXT. 1
[email protected] BRAD ARCHIBALD 250 740 1060 EXT. 3
[email protected] JASON WINTON 250 740 1060 EXT. 2
[email protected] COLLIERS INTERNATIONAL 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 Main: +1 250 740 1060 Fax: +1 250 740 1067 www.collierscanada.com/nanaimo
FOR SALE > 7.17 Acres of Land in South Nanaimo Future Land Use
Location The subject property is located along Wexford Road, only 150m south of a large commercial node which includes a drug store, grocery store, bank, fitness centre, service station, home improvement store and fast food outlets. The site is two doors down from Chartwell Retirement’s new care facility current under construction at an expected cost of $27.4 million. Chartwell’s existing license of 133 residential care beds, plus an additional three private pay beds, will be included at this new site.
1331 1337
According to the City of Nanaimo’s official community plan, the site is designated predominantly “Corridor” with a small portion at the northeastern corner designated as “Commercial Centre”. Development in corridors will be characterized by a mix of residential, commercial, professional, and service uses, with residential developed at medium to high level densities. Under the Corridor designation, residential densities of 50 to 150 units per hectare in two to six storey building forms shall be supported.
1401
Property
Property Taxes (2016)
Lot Size (acres)
1331 Wexford Road
$2,334.53
0.8
1337 Wexford Road
$2,160.98
3.57
1401 Wexford Road
$1,941.72
2.8
The City of Nanaimo is a community of 83,810 residents (2011 Census) located on the east coast of Vancouver Island, approximately 110 km District which has a total of 138,631 (2006 Census) that is projected to increase to 192,117 by 2021. Other than Victoria, Nanaimo is the major transportation “hub” for travelling between the mainland of British Columbia and Vancouver Island. BC Ferries operates services that travel to and from Departure Bay and Duke Point in Nanaimo to both Tsawwassen and Horseshoe Bay terminals in Metro Vancouver. In addition, there are two airports in Nanaimo - the Nanaimo Airport with regular service to the Vancouver International Airport and the Nanaimo Seaplane Terminal providing service between Downtown Vancouver and Downtown Nanaimo.
Legal Descriptions
Site
Lot C, Sections 19 and 20, Range 4, Cranberry District, Plan 2199 PID: 006-448-763
The subject property totals 7.17 acres and is comprised of three separate land parcels. All municipal services are available at the lot line and the site gradually slopes downward ±5m from the western to eastern property boundary.
Lot D, Sections 19 and 20, Range 4, Cranberry District, and Section 7, Nanaimo District, Plan 2199; PID: 006-448-828 That part of Lot 3, Section 20, Range 4, Cranberry District, Plan 10307, Lying to the South of a boundary Parallel to and perpendicularly distant 90 feet from the Northerly boundary of said lot; PID: 005-251-320
Current Zoning R1 – Single Dwelling Residential. The site will require rezoning in order to achieve the highest and best use.
Price Two Million, One Hundred Thousand Dollars ($2,100,000.00) $1,950,000.00