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$ 1,089,000
Est. payment | /mo
3.77 Acres Lot
$ 1,089,000
Est. payment | /mo
3.77 Acres Lot
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 970609
Rental Info Unrestricted
Year Built 1949
Annual Tax Amount $2,329
Tax Year 2023
Lot Size 3.770 Acres
Acres 3.77
Property Description
GABRIOLA FUTURE DEVELOPMENT POTENTIAL. This 3.77 acre property borders the Village Centre, Gabriola's main commercial area. Although presently zoned residential, the owner has been working with planning and Islands Trust on a development plan which would take this property to its highest and best use with much needed commercial and residential expansion. The property does have an old house and large storage building as well as a newly drilled well, but is being sold as is where is, as the true value of this investment is the development potential upon the favoured rezoning. This property boasts unprecedented frontage along the village's two main roads which allows for unlimited design plan. Whether investing to move forward or land banking, a property such as this is a rare asset on a extremely accessible island.
Location
State BC
County Nanaimo Regional District
Area Isl Gabriola Island
Zoning LRR
Exterior
Parking On Site 1
Others
Tax ID 003-329-372
Ownership Freehold
Listed by Macdonald Commercial Real Estate Services Ltd.
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