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4470 Burma Rd Nanaimo, British Columbia V9T 5X4

5 Bedroom 4 Bathroom 2800 sqft
Westcoast Fireplace See Remarks Other Acreage

$15,888,888

Welcome to the crown jewel of North Nanaimo! This 29.16-acre property is a developer's dream, offering immense potential for lucrative ventures. Currently zoned as Urban Reserve, envision over 22 dwellings sprawling across this vast expanse. With neighboring subdivisions fetching upwards of $500K for 6000sf lots, the investment potential is staggering. But wait, there's more! This property presents an unparalleled opportunity for rezoning, paving the way for multifamily or higher density usage. Imagine the possibilities: a vibrant community, a thriving commercial hub, or luxurious residential complexes. The choice is yours, limited only by your imagination. Nestled within this expansive parcel lies a stunning new 5-bed, 4-bath home, complete with a legal mortgage helper suite. BC Assessment measurements provide a solid foundation, with details to be verified by the discerning buyer. And for those seeking flexibility, vendor financing may be available for qualified buyers, subject to the seller's discretion. Don't miss out on this once-in-a-lifetime chance to secure your slice of Nanaimo's future. Seize the opportunity, and let your vision become reality. Reach out today to unlock the potential of this remarkable property! (id:52782)

Property Details

MLS® Number 962877
Property Type Single Family
Neigbourhood North Nanaimo
Features Hillside, Park Setting, Southern Exposure, Wooded Area, Other
Parking Space Total 2

Building

Bathroom Total 4
Bedrooms Total 5
Architectural Style Westcoast
Constructed Date 2022
Cooling Type See Remarks
Fireplace Present Yes
Fireplace Total 2
Heating Fuel Electric
Heating Type Other
Size Interior 2800 Sqft
Total Finished Area 2800 Sqft
Type House

Land

Acreage Yes
Size Irregular 29.1
Size Total 29.1 Ac
Size Total Text 29.1 Ac
Zoning Description Ar2
Zoning Type Residential

Rooms

Level Type Dimensions
Second Level Bedroom 11'5 x 10'5
Second Level Kitchen 17'0 x 12'4
Second Level Bathroom 4-Piece
Second Level Bedroom 11'6 x 10'11
Second Level Primary Bedroom 13'0 x 10'0
Main Level Kitchen 14'0 x 11'0
Main Level Bedroom 10'6 x 11'6
Main Level Bedroom 11'2 x 11'0
Main Level Bathroom 3-Piece

https://www.realtor.ca/real-estate/26849364/4470-burma-rd-nanaimo-north-nanaimo

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