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565 Brechin Rd, Nanaimo, BC, V9S 2X1

MLS® # 1022765
Vacant Land For Sale In Newcastle, Nanaimo, British Columbia
$2,680,000
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
565 Brechin Rd, Nanaimo, BC
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MULTIMEDIA

565 Brechin Rd, Nanaimo, BC, V9S 2X1
$2,680,000

Property Information:

This 1.92-acre Oceanview development property in Brechin Hill boasts scenic views of Departure Bay, Newcastle Channel, and Nanaimo Harbour. The City of Nanaimo is open to various rezoning and development options, including a proposed 47-unit development with 15 townhouses and 32-unit apartment building or a previous plan for 24 luxury townhomes with/without suites. Alternatively, subdivide into 10-12 Oceanview lots for single-family homes, duplexes, or multiplexes, subject to city approval. And the Citywide Parking Review has lowered parking ratio requirements. Flexible development options allow phased construction of townhouses/ residential lots based on market conditions or financing or leverage attractive CMHC rates for rental apartment construction. Architectural, geotechnical, environmental, and other reports are available to serious buyers. The Buyer must independently verify all property details and development potential through the City of Nanaimo or qualified professionals.

Property Features:

  • Annual Tax Amount: $11,041
  • Lot Features: Acreage, Central Location, Easy Access, Family-Oriented Neighbourhood, Marina Nearby, Recreation Nearby, Rectangular Lot, Shopping Nearby, Southern Exposure, See Remarks
  • Lot Frontage: 83680 Square Feet
  • Lot Size: 1.92 Acres
  • Ownership: Freehold
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Sub Type: Land
  • Road Surface Type: Paved
  • View: City, Mountain(s)
  • Water Source: To Lot
  • Zoning: R1
  • Zoning Description: Residential
  • Sewer: Sewer To Lot
  • No. of Parking Spaces: 2

Courtesy of: Sutton Group-West Coast Realty (Nan)

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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Market Price Trends

Single family detached

4.05%

Price change (1 year)

34.96%

Price change (5 years)

All Properties

2.39%

Price change (1 year)

31.17%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 565 Brechin Rd, Nanaimo, BC, V9S 2X1

Demographic Information of 565 Brechin Rd, Nanaimo, BC, V9S 2X1

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$98,283.10

Average Number of Children

1.44

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.11 %

High school certificate or equivalent

29.86 %

Apprenticeship trade certificate/diploma

11.74 %

College/non-university certificate

24.72 %

University certificate (below bachelor)

1.16 %

University Degree

20.42 %

Commuter

Travel To Work

By Car

81.14 %

By Public Transit

6.4 %

By Walking

6.34 %

By Bicycle

2.58 %

By Other Methods

3.54 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

32.98 %

Houses

67.02 %

Own Vs. Rent

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