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$ 2,250,000

103 Lotus Pinnatus Way, Nanaimo, BC, V9T 2K8

Listing ID# 367503
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$ 2,250,000

  • 103 Lotus Pinnatus Way
    Nanaimo, BC V9T 2K8
  • Listing ID 367503
  • Building Type: VACANT LAND
  • Land Size: 4026251
  • Status: For Sale/Active
  • Days on Market: 441
  • Tax Year: 2017
  • Taxes: $0.00
  • Rooms: 0

Property Description

Offer Collapsed, back on Market! Foreclosure sale. It is rare to find a property of this size with such diverse potential. It is the largest medium density zoned subdivision property in Nanaimo and is in close proximity to Vancouver Island University, the Aquatic and Ice Rink Centres and is within the boundaries of the City of Nanaimo. This parcel of land could easily satisfy the demands for affordable multi-family dwellings. R-10 Zoning provides provides for detached, single residential dwelling subdivisions and clustered multiple family developments. This is a tremendous opportunity on one of the best development pieces on Vancouver Island.



Listing courtesy of Sutton Group West Coast Realty


Demographics

South Nanaimo Property Overview
66%Own 34%Rent
  • Detached 4,255
  • Duplex 856
  • Low-Rise 459
  • Semi-Det. 392
$ 368 k

Average Home Price in South Nanaimo

44 years

Average home age in South Nanaimo

Household Size
4,174One-family 2,216Non-family 112Multi-family
Household size (# people)
  • 12,109
  • 22,220
  • 31,134
  • 4-5911
  • 6+129
Household Income in South Nanaimo
81%Employed 11.3%Unemployed 7.7%Self-Employed
  • Blue Collar 4,253
  • White Collar 3,235
$ 53 k

Average income

40 years

Average age

Education
  • Certificate, diploma, degree 10,892
  • High School 4,395
  • No Certificate 3,633
  • College 2,359
  • Apprenticeship 2,052
Marital Status in South Nanaimo
39%Married 38%Single 23%Other
Age groups
  • 0-1923%
  • 20-2916%
  • 30-4926%
  • 50+35%

Points of interest and Comparables - South Nanaimo

top

$305,242*

average price

+3.64%

market trend

* - average price based on 207 comparable properties in the neighbourhood
# date listed bed/bath
1 $499,900 5/3
2 $1,495,000
3 $399,900 3/3
4 $449,900 3/3
5 $348,000
6 $479,900 5/3
7 $198,900 3/1
8 $219,900 3/2
9 $399,900 3/3
10 $454,900 3/3

NOTE: This representation is based in whole or in part on data generated by the Victoria Real Estate Board which assumes no responsibility for its accuracy. This website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright? 2017 Victoria Real Estate Board. All rights reserved.

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. The website must only be used by consumers for the purpose of locating and purchasing real estate.