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2640 Cedar Heights Cres
Na Cedar Nanaimo V9X 1N4

$1,200,000
Commercial Sale

Main Photo: 2640 Cedar Heights Cres Nanaimo BC
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1009048
One of a kind, 14 acre Institutional Zoned bare land property adjacent to Cable Bay Area. Land is mostly level with many building sites, Southern Exposure, two spring fed ponds which are home to many wildlife species. The zoning allows for institutional use which would include schools, intermediate or extended care, memory centre, or many other group home related uses. Property currently has 200 amp electrical service and three phase power is available at the property line. An excellent well producing approx. 14 gpm. Property is designated Residential under the OCP, so the RDN will support it being rezoned to residential to accommodate at least two additional residences, plus suites. Property is divided by a road and may be able to be subdivided to 8 and 5 acre parcels.
Property Type:
Commercial Sale
Type:
Unimproved Land
Commercial Type:
Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Cedar, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
14.49 acre(s)
Taxes:
Ceiling Heights:
Commercial Area:
Water supply:
Well: Drilled
Sewer:
None
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
Nanaimo Rural (768)
Legal Description:
Zoning:
I1
Units in Building:
Units in Community:
Occupancy:
Partially Occupied
Lot Site Features:
Acreage, Rural Setting, Southern Exposure
Parking Features:
On Site
Total Units:
Date Listed:
Jul 30, 2025
Original Price:
1200000.0
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Listed by REMAX Professionals
Data was last updated August 2, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
103
Avg list price:
$1,069,000
Min list price:
$19,900
Max list price:
$24,517,000
Avg days on market:
79
Min days on market:
1
Max days on market:
465
These statistics are generated based on the current listing's property type and located in Nanaimo. Average values are derived using median calculations. This data is not produced by the MLS® system.
TICARA COERTZE
STEVE GILLESPIE
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.