4470 Burma Rd, Nanaimo, BC
$ 15,988,888
Property Attributes
  • ID#947518
  • TypeMulti-Family
  • CityNanaimo
  • AreaNanaimo - City of
  • NeighbourhoodNanaimo
  • Postal CodeV9T 5X4
  • Style
  • Taxes$ 38083
  • Price$ 15,988,888
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2828
  • Lot Size29.16 Acres
Data Source:
Property Description

VTB (First Mortgage only) of up to 70% of accepted offer price, 3 year at 5% possible for a qualified buyer approved and provided at the sole discretion of the seller. Seller open to many options bring your best offer. Welcome to most desirable property of North Nanaimo. 29.16 acres potential development land in Urban Reserve zoning allows for 22 dwellings in current zoning (2 dwellings per 2.47 acres). This property is surrounded by new subdivisions around. Can be rezoned to multifamily or higher density usage. The options are endless There is a new house on the property 5 bed 4 bath with a legal mortgage helper suite.Measurements from BC assessment buyer to verify if fundamental to purchase. Also under mls 947516

General Features

Neighbourhood Nanaimo
Terms SALE
Zoning AR2

Exterior Features

Listing Type Investment
Lot Features Acreage, Private, Quiet Area, Rocky, Serviced, Wooded
Lot Frontage 1267596
Lot Size 29.16


  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in V9T 5X4

AVG $15.99M
AVG $38,083
AVG 43
Data Provided by Inside Real Estate®