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5909 Island Hwy 0.95 Acres of Commercial Land Offered at $1,900,000 CAD in Nanaimo, BC V9T 2L8
Investment Highlights
- Development site
- Development features, and amenities provided
- The maximum allowable base density, expressed as a Floor Area Ratio (FAR) for COR2 is 1.25
- Excellent exposure onto Island Highway.
Executive Summary
The subject site is located on Island Highway in North Nanaimo which is the second largest city on Vancouver Island. Nanaimo has a population of just over 102,000 with a one-hour drive trade population of approximately 260,000. The subject property is situated at a controlled intersection on the corner of Island Highway and Turner Road directly across from Northridge Village Shopping Centre and Longwood Station. Island Highway is one of the main commuter routes in the area connecting Nanaimo and the northern island to the Departure Bay Ferry Terminal which links Vancouver Island to the mainland. The property offers quick and easy access to all areas of Nanaimo via Island Highway and all points north and south of Nanaimo via Highway #19 and Highway #1.
Property Facts
| Price | $1,900,000 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.95 AC |
| Property Type | Land | ||
| Zoning | COR2 - Mixed Use Corridor | ||
| Price | $1,900,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.95 AC |
| Zoning | COR2 - Mixed Use Corridor |
1 Lot Available
Lot
| Price | $1,900,000 CAD | Lot Size | 0.95 AC |
| Price Per AC | $2,008,104.29 CAD |
| Price | $1,900,000 CAD |
| Price Per AC | $2,008,104.29 CAD |
| Lot Size | 0.95 AC |
The site offers frontage on Island Highway N of ±233 feet, and on Turner Road of ±127 feet. It is rectangular in shape and is estimated to be ±41,215 square feet. The site is level and fenced.
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
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5909 Island Hwy
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