7555 Fernmar Rd

Description

Developers & Investors Alert! Rare 18.5-acre development opportunity in the heart of Lantzville, one of Vancouver Island’s most desirable coastal communities. This prime parcel is zoned R1 and offers the potential for 35 residential lots of approximately just under half-acres, many of which may capture ocean views. The property is ideally located beside Winchelsea View Golf Course and just minutes from North Nanaimo’s shopping, beaches, restaurants, and amenities, making it a highly attractive future residential community. The seller currently has an engineer completing a Preliminary Layout Approval (PLA) application with the District of Lantzville, providing a valuable step forward for future development. Under current R1 zoning, the property may allow for 4 doors, multiple dwellings, (buyer to verify development potential and density with the District of Lantzville). A rare opportunity to secure a significant land holding in a sought-after location with strong long-term development potential. All measurements are approximate and should be verified if important. (id:63159)

Property Details

Annual property tax

$3,242

Brokerage

Royal LePage Nanaimo Realty LD

Location Insights

Population

3,817

(2021 Census)

+5.9% since 2016

Density

137.9/km²

Dwellings

1,568

Median household income

$99,000

After-tax

$87,000

Immigrant population

12.7%

Top countries of origin

• United Kingdom4.5% · 170
• United States of America2.1% · 80
• Germany1% · 40
• Viet Nam0.5% · 20
• Netherlands0.3% · 10
• Poland0.3% · 10
• Iran0.3% · 10
• China0.3% · 10

Source: Statistics Canada, 2021 Census of Population.

Weather

Nearest station: Nanaimo

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.