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Royal LePage
Royal LePage
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$6,653,000

Nanaimo BC, V9R 4A7

MLS® # 1013534

Property Information:

Development Opportunity - Expansive 90.48-acre parcel located in the rapidly growing area of South Nanaimo. Currently zoned R10, this zoning provides for detached, single residential dwelling subdivisions and clustered multiple family developments. The property features dedicated parkland and enjoys a prime location just minutes from Vancouver Island University, making it an attractive prospect for future development. Lot size is based on BC Assessment and should be independently verified. Buyers to perform their own due diligence with the City of Nanaimo and relevant government bodies regarding potential land use, zoning, and development abilities and restrictions. The property falls within multiple Development Permit Areas (DPAs), which may affect future plans. Offered as-is, where-is. All information and measurements are approximate and must be verified if important.

Property Features:

  • Annual Tax Amount: $25,258
  • Lot Features: Acreage, Central Location
  • Lot Frontage: 3941308.8 Square Feet
  • Lot Size: 90.48 Acres
  • Ownership: Freehold
  • Property Sub Type: Multi Family
  • Zoning: R10

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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⚠ Potential Investment Performance

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Location of 103 Lotus Pinnatus Way, Nanaimo, BC, V9R 4A7

Demographic Information of 103 Lotus Pinnatus Way, Nanaimo, BC, V9R 4A7

Life Stage

Older Couples

Employment Type

Mixed

Average Household Income

$99,083.49

Average Number of Children

1.74

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.54 %

High school certificate or equivalent

34.68 %

Apprenticeship trade certificate/diploma

10.1 %

College/non-university certificate

19.86 %

University certificate (below bachelor)

1.57 %

University Degree

19.25 %

Commuter

Travel To Work

By Car

96.25 %

By Public Transit

1.12 %

By Walking

0.99 %

By Bicycle

0.0 %

By Other Methods

1.64 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

0.45 %

Houses

99.55 %

Own Vs. Rent

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