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$5,850,000

1072 Cedar Rd NORTH, Nanaimo, BC, A1A 1A1

MLS® # 984805

Property Information:

13.19 ACRE SMALL LOT SINGLE FAMILY DEVELOPMENT SITE. Comprising two legal parcels the properties are accessed from both Cedar Road running north-south and Frew Road (east-west). Together the contiguous parcels create an L-shape that is generally flat with a gentle slope upward following Frew Road towards the center of the site. The site is currently vacant and primarily forested and is adjacent to a portion of the future Sandstone master planned development. In 2012 a preliminary layout acceptance (PLA) was granted by the City of Nanaimo (expired Jan 2020) for a 90 lot development with lot sizes ranging from 3,100 to 6,800 square feet in size. The Nanaimo OCP was updated and adopted by Council in 2022 and the road standards were adopted as an amendment to the Subdivision Control Bylaw in 2020 so the previous PLA did not consider the bylaw changes and would need to be re-applied for.

Property Features:

  • Annual Tax Amount: $11,801
  • Lot Features: Acreage, Easy Access
  • Lot Frontage: 574120.8 Square Feet
  • Lot Size: 13.18 Acres
  • Ownership: Freehold
  • Property Sub Type: Unimproved Land
  • Road Surface Type: Paved
  • Zoning: R2

Courtesy of: Colliers International (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.

Location of 1072 Cedar Rd NORTH, Nanaimo, BC, A1A 1A1

Demographic Information of 1072 Cedar Rd NORTH, Nanaimo, BC, A1A 1A1

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$98,000.00

Average Number of Children

1.40

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.39 %

High school certificate or equivalent

41.03 %

Apprenticeship trade certificate/diploma

12.81 %

College/non-university certificate

19.23 %

University Degree

11.54 %

Commuter

Travel To Work

By Car

89.19 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

10.81 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

2.0 %

Houses

98.0 %

Own Vs. Rent