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2202 Meredith Rd 0.36 Acres of Residential Land Offered at $1,335,000 CAD in Nanaimo, BC V9S 2N3
Investment Highlights
- Designed 8-unit townhouse project ready for construction
- High population growth exceeds the Provincial average with demand for mid-range housing
- Location is an area of redevelopment with nearby commercial services
Executive Summary
The eight-unit townhouse development contains two duplex buildings and one four-plex building. Units are a mixture of two and three storeys with grade level garages Townhouses range in size from 1,177 square feet to 1,469 square feet. Gross building area is 13,108 square feet (including garages).
Property Facts
| Price | $1,335,000 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.36 AC |
| Property Type | Land | Cross Streets | Tulsa |
| Zoning | R-6 - This zone provides for a mixture of low density, ground-oriented multiple family developments on lots compatible with area residential development. | ||
| Price | $1,335,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.36 AC |
| Cross Streets | Tulsa |
| Zoning | R-6 - This zone provides for a mixture of low density, ground-oriented multiple family developments on lots compatible with area residential development. |
1 Lot Available
Lot
| Price | $1,335,000 CAD | Lot Size | 0.36 AC |
| Price Per AC | $3,676,824.99 CAD |
| Price | $1,335,000 CAD |
| Price Per AC | $3,676,824.99 CAD |
| Lot Size | 0.36 AC |
Rectangular shaped parcel of land with 135’ frontage along Meredith Road and 98.2’ along Tulsa Road on the east boundary. Total site area is 0.363 acres or 15,816 square feet. The subject property is level and on grade with the Road frontage.
Description
The site is rectangular in shape with 135 ft frontage along Meredith Road and 98 ft along Tulsa Road on the east boundary. Total site area is 0.363 acres or 15,816 square feet. The land is level and on grade with the Road frontage. The vehicle access to the proposed development is off of Tulsa Road with areas surrounding the proposed buildings to be landscaped with paved parking areas to the rear. The subject is located in the Northfield area of Central Nanaimo, which includes older residential buildings, a transition to newer residential homes, and redevelopment to higher densities such as townhouses or apartments. Surrounding properties comprise a mixture of uses and lot sizes. To the north and west of the subject property is a low-density neighbourhood consisting primarily of single dwelling and duplex lots. Nearby Bowen Road is a major influence to development of this area with commercial fronting the Bowen Corridor and important vehicle and public transportation.
Presented by
2202 Meredith Rd
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