Road paving is final step in subdivision process. Rare Ocean Front Development Opportunity. 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 (id:4069)
Address
3850 Yellow Point Rd
List Price
$6,890,000
Property Type
Single Family
Type of Dwelling
Single Family
Transaction Type
Sale
Area
British Columbia
Sub-Area
Nanaimo
Bedrooms
2
Bathrooms
2
Floor Area
718 Sq. Ft.
Lot Size
102.15 Sq. Ft.
MLS® Number
1025268
Listing Brokerage
Royal LePage Nanaimo Realty LD
Postal Code
V9G1E9
Zoning
A2
Site Influences
Waterfront, View
Features
Acreage, Park setting, Private setting, Southern exposure, Other
