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$1,575,000
Est. payment /mo
0.51 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 994031
Rental Info Unrestricted
Annual Tax Amount $7,897
Tax Year 2024
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Unimproved Land
Property Description
For Sale: 1625 Bowen Road is a +/- 22,041 square foot (0.51 acre) Residential Corridor (COR-1) zoned development parcel. This central Nanaimo opportunity is situated on the primary Nanaimo thoroughfare 'Bowen Road' and benefits from direct access to school systems, transportation infrastructure, retail/grocery, and nearby parkland. The COR-1 zone provides for residential, street-oriented, medium density, and office development along or near major roads up to a Floor Area Ratio (FAR) of 1.00; if certain development characteristics are met (which are detailed in Schedule D of the Nanaimo Zoning Bylaw), additional density of 0.50 FAR is theoretically achievable. The Nanaimo Re Imagined City Plan designates this site as Residential Corridor which supports mid-rise residential apartments (3-6 storys) to a target density of 100 units per hectare(UPH). The property is owner occupied and currently improved with a Mobile Home; do not access site without coordinating with listing agent
Location
Province BC
County Nanaimo, City Of
Area Na Central Nanaimo
Zoning COR-1
Exterior
Parking On Site 1
Building
Lot Description Central Location, Easy Access, Family-Oriented Neighbourhood, Irregular Lot, Near Golf Course, Recreation Nearby, Serviced, Sidewalk, Sloping
Water Municipal
Others
Tax ID 006-461-441
Ownership Freehold
Acceptable Financing Agreement for Sale
Listing Terms Agreement for Sale
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Listed by Colliers International (Nan)