Acreage
3850 Yellow Point Rd
Cedar, Nanaimo, BC
MLS® 1046989 · 25 days on market
$4,900,000
102 acres
2 bed · 2 bath · 850 sqft
Description
Rare Ocean Front Development Opportunity in final stage of subdivision process. Set in a picturesque Yellow Point setting, this extraordinary 102-acre ocean front property offers a rare blend of privacy, natural beauty, and investment potential. The proposed seven-lot subdivision is in the final stage of approval, consisting of 6 new lots, each serviced with a registered well, proof of septic areas, Hydro and cable at the street and a remainder property, lot 7. The 6 lots range in area from 5 to 29 acres, totaling 64 acres, with the remaining waterfront 38 acres, for a total of 102 acres. The CVRD, First Nations, and MoTT requirements, including road construction, have been completed and approved with the subdivision pending registration at the Land Title Office following paving. The remaining 38 acre property, lot 7, has the potential to create a further 6-lot subdivision. The subdivision application for an additional 6 lots or phase 3 has been submitted and the Archeological, Enviro and survey requirements have been completed. This creates an outstanding opportunity and a legacy property. Featuring a diverse landscape of sun-drenched meadows, mature forested areas, ponds, creeks, sandstone outcroppings, and select ocean frontage, creating a truly remarkable West Coast environment. Ideally located in a peaceful rural area between Ladysmith and Nanaimo. This one-of-a-kind offering presents an exceptional opportunity to create a very desirable investment opportunity or build a private residence immersed in nature. Zoned A2. The property boasts varied topography and significant potential for a range of agricultural or lifestyle uses. An existing two-bedroom cottage provides accommodation while you plan and develop the property. The land is well-serviced with 8 drilled wells, several producing excellent water. A main access road is already in place to support development. Very accessible to airport and BC ferries at Duke Point and an easy drive to Victoria (id:63159)
Property Details
Property & Lot
- Sub-type
- House
- Style
- Cottage, Cabin
- Lot size
- 102 acres
- Zoning
- Agricultural — A2
- Title
- Freehold
Interior
- Heating
- Baseboard heaters, Wood
- Cooling / A/C
- None
- Fireplace
- 1
Exterior & Land
- View
- Ocean view
- Waterfront
- Waterfront on ocean
- Lot features
- Acreage, Park setting, Private setting, Southern exposure, Other
Building & Utilities
- Parking spaces
- 10
- Parcel ID (PID)
- 026-066-815
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Second level | 2-Piece |
| Bedroom | Second level | 9'3 x 15'3 |
| Bathroom | Main level | 4-Piece |
| Laundry room | Main level | 8'6 x 8'1 |
| Bedroom | Main level | 9'5 x 12'1 |
| Kitchen | Main level | 9'6 x 8'6 |
| Great room | Main level | 14'3 x 22'6 |
- Annual property tax
- $378.53
- Brokerage
- Royal LePage Nanaimo Realty LD
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
19°C
Mostly Cloudy
Humidity 63%
Wind NE 8 km/h
Today
24°
Tonight
14°
Thursday
22°
Thursday night
11°
Friday
16°
Friday night
12°
Source: Environment and Climate Change Canada.
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