3850 Yellow Point Rd
Nanaimo, British Columbia
MLS® 1046989
$4,900,000
- Status
- Active
- Property type
- House
- MLS® number
- 1046989
- Bedrooms
- 2
- Bathrooms
- 2
- Year built
- —
1 / 41Listing description
Rare Ocean Front Development Opportunity in final stage of subdivision process. Set in a picturesque Yellow Point setting, this extraordinary 102-acre ocean front property offers a rare blend of privacy, natural beauty, and investment potential. The proposed seven-lot subdivision is in the final stage of approval, consisting of 6 new lots, each serviced with a registered well, proof of septic areas, Hydro and cable at the street and a remainder property, lot 7.
The 6 lots range in area from 5 to 29 acres, totaling 64 acres, with the remaining waterfront 38 acres, for a total of 102 acres. The CVRD, First Nations, and MoTT requirements, including road construction, have been completed and approved with the subdivision pending registration at the Land Title Office following paving. The remaining 38 acre property, lot 7, has the potential to create a further 6-lot subdivision.
The subdivision application for an additional 6 lots or phase 3 has been submitted and the Archeological, Enviro and survey requirements have been completed. This creates an outstanding opportunity and a legacy property. Featuring a diverse landscape of sun-drenched meadows, mature forested areas, ponds, creeks, sandstone outcroppings, and select ocean frontage, creating a truly remarkable West Coast environment.
Ideally located in a peaceful rural area between Ladysmith and Nanaimo. This one-of-a-kind offering presents an exceptional opportunity to create a very desirable investment opportunity or build a private residence immersed in nature. Zoned A2.
The property boasts varied topography and significant potential for a range of agricultural or lifestyle uses. An existing two-bedroom cottage provides accommodation while you plan and develop the property. The land is well-serviced with 8 drilled wells, several producing excellent water.
A main access road is already in place to support development. Very accessible to airport and BC ferries at Duke Point and an easy drive to Victoria
Property summary
- MLS® number
- 1046989
- Property type
- Single Family
- Building type
- House
- Square footage
- 850 sq ft
- Title
- Freehold
- Land size
- 102.15 acres
- Annual property taxes
- $378.53
- Parking
- 10 spaces
- Days on market
- 16 days
Features & details
- Heating
- Baseboard heaters, Wood
- Cooling
- None
- Lot features
- Acreage, Park setting, Private setting, Southern exposure, Other
- View
- Ocean view
- Waterfront
- Waterfront on ocean
- Architectural style
- Cottage, Cabin
What would this home cost you?
Based on the $4,900,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal LePage Nanaimo Realty LD, Ladysmith.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.