2330 Extension Rd

Description

Discover an exceptional investment opportunity with this 5-acre development lot located within the city limits of Nanaimo, one of the region's fastest-growing areas. A current proposal for a 27-unit development has been thoroughly discussed with city officials, and all architectural and engineering designs, along with geotechnical, environmental, and other reports, are available as part of the offering. The potential for higher density under the new Nanaimo OCP regulations offers even more substantial development opportunities. Situated next to the Swordfern/Stonecrop subdivision in the desirable Cinnabar Heights area along Extension Rd, this lot provides a perfect blend of natural living and urban convenience. It is an ideal location for your next project, offering both tranquility and proximity to city amenities. (id:63159)

Property Details

Annual property tax

$9,198.8

Brokerage

Westmont Realty Inc.

Location Insights

Population

99,863

(2021 Census)

+10.3% since 2016

Density

1,104.1/km²

Dwellings

45,138

Median household income

$75,500

After-tax

$68,500

Immigrant population

16.1%

Top countries of origin

• United Kingdom3.5% · 3,495
• China1.3% · 1,285
• United States of America1.2% · 1,155
• India1.1% · 1,075
• Philippines1% · 1,040
• Germany0.6% · 635
• Korea, South0.5% · 470
• Viet Nam0.5% · 455

Source: Statistics Canada, 2021 Census of Population.

Weather

23°C

Mostly Cloudy

Humidity 54%

Wind N 5 km/h

Today

24°

Tonight

14°

Thursday

22°

Thursday night

11°

Friday

16°

Friday night

12°

Source: Environment and Climate Change Canada.