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

MLS® # 984805
Vacant Land For Sale In Chase River/ Duke Point / South End, Nanaimo, British Columbia
$5,850,000
1072 Cedar Rd North, Nanaimo, BC
1072 Cedar Rd North, Nanaimo, BC
1072 Cedar Rd North, Nanaimo, BC
1072 Cedar Rd North, Nanaimo, BC
  • Advertising
1072 Cedar Rd NORTH, Nanaimo, BC, A1A 1A1
$5,850,000

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.

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Market Price Trends

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

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

Projected Precipitation Risk: High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

29/100

Moderate-Low

ClimateCheck®

Current data

This property, 1072 Cedar Rd NORTH, experiences 7 hot days per year at around 29 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 20 hot days at 31.9 degrees Celsius.

Projected Avg. Temperature

Past
29℃
2050
31.9℃

# Hot Days Per Year

Past
7
2050
20

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

14 storms expected in 2050

93/100

High

ClimateCheck®

Current data

This property, 1072 Cedar Rd NORTH, experiences 12 significant 2-day storms per year, with about 569.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 660mm of precipitation per year.

Precipitation Per Storm

Past
569.5mm
2050
660mm

48-Hour Storms Per Year

Past
12
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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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

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