4900 Rutherford Rd, NANAIMO

2024-10-04
 

Quick Summary

Location
4900 Rutherford Rd, NANAIMO, British Columbia V9T4Z4
Price
$4,200,000 CAD
Status:
For Sale
Property Type:
Other

MLS®#977920

Property Description

Nanaimo serves as a hub for many central and northern Vancouver Island communities, but has recently seen many significant developments plus reinvigoration of the downtown as a tourism and commerce center. It has the mildest climate in Canada with growing jobs and business opportunities and increasingly more retirees and seniors are relocating here. This prime site can be developed on its own or combined with the 2 adjoining properties as a package. It has existing designs for 65room hotel expansion and convention facility or 33 strata condos with commercial, health spa and retail. These designs do not reflect the current higher density and height designations prevalent in the area recently. It is a perfect location for a senior/care facility, as there are many in the area of Long Lake. It is zoned COR2 with base density of 1.25 up to 1.75 FSR on its own. Combined with the adjoining sites, it may achieve density well over 2.0 FSR. (id:32467)

Property Features

Building

  • Fireplace: No
  • Building Type: Commercial Mix

Features

  • Feature: Corner Site, Sloping, See remarks, Other

Land

  • Land Size: 1.2 ac

Ownership

  • Type: Freehold

Zoning

  • Description: COR2

Information entered by Sutton Group-West Coast Realty
Listing information last updated on: 2024-10-07 19:22:18


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