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4781 Mcguffie Rd 2.35 Acres of Commercial Land Offered at $1,750,000 CAD in Nanaimo, BC V9T 5B3

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INVESTMENT HIGHLIGHTS

  • Highly Sought After Location a short walk to the OCEAN

EXECUTIVE SUMMARY

R1 zoning surrounded by Multi-Unit Zoning creating excellent potential for rezoning to multi-family. OCP: Suburban Neighbourhood - single-unit dwellings with/without secondary suites, Duplexes, Ground-oriented multi-unit dwellings including tri/fourplex, townhome, Up to 3 storeys. Buyer to verify redevelopment potential and measurements if important.

PROPERTY FACTS

Price $1,750,000 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 2.35 AC
Zoning R1 - Residential - up to 2 residence. OCP Suburban Neighbourhood allows up to 25 UPH. See brochure for opportunity

1 LOT AVAILABLE

Lot 2

Price $1,750,000 CAD
Price Per AC $744,680.85 CAD
Lot Size 2.35 AC

RARE OPPORTUNITY! 2.35 Acre Parcel with 200+ ft of frontage on McGuffie Rd. INCREDIBLE LOCATION with REDEVELOPMENT POTENTIAL to multi-unit. OCP allows multi-unit. Nestled on a quiet dead end street only a short walk to trails & parks.

  • Listing ID: 38224169

  • Date on Market: 2025-10-27

  • Last Updated:

  • Address: 4781 Mcguffie Rd, Nanaimo, BC V9T 5B3

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