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$ 899,000

3560 YELLOW POINT ROAD 6, Nanaimo, BC, V9G 1E7

Listing ID# 428256
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RE/MAX Collection

$ 899,000

  • 3560 YELLOW POINT ROAD 6
    Nanaimo, BC V9G 1E7
  • Listing ID 428256
  • Building type: Single Family
  • Bedrooms: 3
  • Bathrooms: 2
  • Living space: 1846 sq ft
  • Status: For Sale/Active
  • Parking Type: Garage - Double
  • Features: Fireplace: Woodstove
  • Heating: Baseboard

Property Description

Rare opportunity to own exclusive lowbank waterfront property in spectacular Yellow Point. On the market for the first time in history, this incredibly unique, 2000+ sq.ft. home enjoys grandfathered setbacks that allow unprecedented proximity to the sea. With two massive wraparound decks, this home feels like the bow of a ship, with only water & views of Ruxton, Pylades & Valdez Island as far as the eye can see. A 2-car garage, updated foundation & septic, and a deep fresh water well make life easy. Located on a privately-owned, 8.4 acre estate that includes a communal ramp & dock, boat launch, and a personal mooring buoy for each of the 7 shareholder-occupied homes, there is nothing else like it on the Island. This purchase includes a 1/7th share in the estate, and the exclusive use of this home. 10 small summer, short-term rental cottages and 4 monthly tenanted units that produce enough income to offset property tax for the entire estate, minimizing annual costs. A modest $150/month shareholder fee & minor maintenance and improvements to your own house are the only liabilities. With a spectacular location in a warm water bay, this is an incredibly unique, lucrative opportunity to own waterfront property.



Listing courtesy of Sean McLintock~RE/MAX OF NANAIMO


Features

  • fireplace
  • parking

Room Detail

Level Type Dimensions Features
main level foyer 6 ft ,7 in x 6 ft ,7 in
living room 18 ft ,7 in x 13 ft ,4 in
kitchen 12 ft ,8 in x 10 ft ,5 in
dining room 15 ft ,9 in x 6 ft ,9 in
bedroom 11 ft ,8 in x 9 ft ,7 in
bedroom 9 ft ,6 in x 8 ft ,7 in
3 pc bathroom no data
lower level bedroom 13 ft ,4 in x 9 ft ,6 in
recreation room 16 ft ,8 in x 14 ft ,3 in
den 11 ft ,8 in x 9 ft ,4 in
other 22 ft ,2 in x 9 ft ,3 in
4 pc bathroom no data

Room Detail

main level
  • foyer 6 ft ,7 in x 6 ft ,7 in

  • living room 18 ft ,7 in x 13 ft ,4 in

  • kitchen 12 ft ,8 in x 10 ft ,5 in

  • dining room 15 ft ,9 in x 6 ft ,9 in

  • bedroom 11 ft ,8 in x 9 ft ,7 in

  • bedroom 9 ft ,6 in x 8 ft ,7 in

  • 3 pc bathroom no data

lower level
  • bedroom 13 ft ,4 in x 9 ft ,6 in

  • recreation room 16 ft ,8 in x 14 ft ,3 in

  • den 11 ft ,8 in x 9 ft ,4 in

  • other 22 ft ,2 in x 9 ft ,3 in

  • 4 pc bathroom no data

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MLS? system data provided by VIREB, copyright? 2017. The information is from sources deemed reliable but not relied upon with independent verification.