1625 Bowen Rd new Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9S 1G7
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 994031
Rental Info Unrestricted
Annual Tax Amount $7,897
Tax Year 2024
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Unimproved Land
Property Description
For Sale: 1625 Bowen Road is a +/- 22,041 square foot (0.51 acre) Residential Corridor (COR-1) zoned development parcel. This central Nanaimo opportunity is situated on the primary Nanaimo thoroughfare 'Bowen Road' and benefits from direct access to school systems, transportation infrastructure, retail/grocery, and nearby parkland. The COR-1 zone provides for residential, street-oriented, medium density, and office development along or near major roads up to a Floor Area Ratio (FAR) of 1.00; if certain development characteristics are met (which are detailed in Schedule D of the Nanaimo Zoning Bylaw), additional density of 0.50 FAR is theoretically achievable. The Nanaimo Re Imagined City Plan designates this site as Residential Corridor which supports mid-rise residential apartments (3-6 storys) to a target density of 100 units per hectare(UPH). The property is owner occupied and currently improved with a Mobile Home; do not access site without coordinating with listing agent
Location
Province BC
County Nanaimo, City Of
Area Na Central Nanaimo
Zoning COR-1
Exterior
Parking On Site 1
Building
Lot Description Central Location,Easy Access,Family-Oriented Neighbourhood,Irregular Lot,Near Golf Course,Recreation Nearby,Serviced,Sidewalk,Sloping
Water Municipal
Others
Tax ID 006-461-441
Ownership Freehold
Acceptable Financing Agreement for Sale
Listing Terms Agreement for Sale