2330 Extension Rd, MLS® No City Value

$2,999,999
Est. Mortgage /mo

31.6% price reduce

$2,999,999
$4,388,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Trusted, Experienced, & Award-Winning REALTOR®
Go See This Home Now
0 Stories
lot 217800 sqft
0 sqft
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Property details

31.6% price reduce

Discover an exceptional investment opportunity with this 5-acre development lot located within Nanaimo's city limits, one of the region's fastest-growing areas. A proposal for a 27-unit development has been thoroughly discussed with city officials, and all architectural and engineering designs, along with geotechnical, environmental, and other reports, are available as part of the offering. The potential for higher density under the new Nanaimo OCP regulations provides substantial development opportunities. Adjacent to the Swordfern/Stonecrop subdivision in the desirable Cinnabar Heights area along Extension Rd, this lot offers a perfect blend of natural living and urban convenience. It is an ideal location for your next project, combining tranquility with proximity to city amenities.

General Info

Price $2,999,999
Total Bedrooms -
Total Bathrooms -
Half Bathrooms -
Floor Area Total (sqft) -
Lot Size 5
Lot Size Depth Feet
Lot Size Frontage -
Basement Features BasementFeatures

Property Metrics

Year Built -
Age Of Building -
Building Type -
Property Type Land
Stories -
Building Features BuildingFeatures
Structures Land Only

Additional Details

MLS # R2921482
Area FVREB Out of Town
Neighbourhood FVREB Out of Town
City No City Value
Gross Taxes $10,110.75
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace -

Utilities

Utility Type Sanitary Sewer At Lot Line, Storm Sewer At Lot Line, Electricity Not Available, Natural Gas Not Available, Phone Nearby, Cable Not Available
Water (WaterSource) Public

Parking

Total Parking Spaces -

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Strata Restrictions -
Rental Restrictions -
Zoning R10
Rental Suites -
# of Kitchens -
Locker -
View 1
View Description PARK; VALLEY; FOREST
Units In Development -

Property History

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Status Date Price

Listed by: Westmont Realty Inc.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary
John Barsby Community School
4.96 km
No Rating
Elementary
Chase River Elementary School
Average
2.23 km
Rating 5.3/10
Elementary
Chase River Elementary School
2.23 km
No Rating

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary, Secondary
Nanaimo Christian School
8.87 km
No Rating
Secondary
The High School at VIU
6.2 km
No Rating

Closest Transit

Nanaimo
Cinnabar at Stacey (SB)
0.21 km

2330 Extension Road is serviced by Chase River Elementary School. The property with listing MLS® R2921482 is located 2.23 km from the school. Chase River Elementary School has a rating of Rating 5.3/10.

This home with address 2330 Extension Road, No City Value, BC is also serviced by John Barsby Community School and located 4.96 km from it. John Barsby Community School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 2330 Extension Road is Nanaimo Christian School with School's rating No Rating, located 8.87 km from this home.

The closest to this address 2330 Extension Road Secondary independent school is The High School at VIU with School's rating No Rating, located 6.2 km from this home

The closest Bus station is Cinnabar at Stacey (SB) in 0.21 km away from this listing with - MLS® R2921482.

15% of people with university certificate/degree live in this neighbourhood adjacent to the 2330 Extension Road which is Average in comparison with other BC neighbourhoods. 17.5% of population in this neighbourhood that is near the Listing MLS® R2921482 have no certificate or degree. This number is Average compared to the average in BC.

Median Household Income near this dwelling with the address 2330 Extension Road, No City Value, BC is $60848 which is Below Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2921482 is $30464 which is Below Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 65.2% which is Above Average.

Unemployment rate in the area around Real Estate Listing # R2921482 is 6.3 which is Below Average in comparison to the other province neighbourhoods.

This real estate is located in 2330 Extension Road FVREB Out of Town where population change between 2011 and 2016 was 12.2%. This is High in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 2330 Extension Road, No City Value, BC is 342.2 which is Average people per sq.km.

Average size of families in the area adjacent to home for sale 2330 Extension Road is 2.7. This is Below Average number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2921482 is 52.3% and it is Below Average. % of Married or living common law is around 56.4% and it is Average.

Average age of the population close to the 2330 Extension Road is 41 . This percentage is Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 2330 Extension Road, No City Value, BC is $321355 and this is Average comparing to other areas in British Columbia

Average Owner payments are Below Average in the area adjacent to 2330 Extension Road. $1088 owners spent in average for the dwelling. Tenants are paying $991 in this district close to MLS® R2921482 and it is Average comparing to other cities.

26.3% of Population in this district near the 2330 Extension Road are Renters and it is Average comparing to other BC cities and areas.

% of English and French speakers around real estate listing 2330 Extension Road, No City Value, BC is 5.8%, it is Below Average, % of English speakers only is 93.9% and Above Average. % of Neither English nor French speakers close to home for sale 2330 Extension Road, No City Value, BC is 0.2% and it is Low comparing to other BC cities.

2.7% of all population in the area around this property with the address 2330 Extension Road, No City Value, BC using Public Transport which is Below Average, 87.9% of using population are using Cars around MLS® R2921482, which is Average. 1.8% of people using Bicycles around the 2330 Extension Road and it is Above Average. 5.5% of population are walking which is Above Average

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $2,999,999
No City Value $2,975,000
FVREB Out of Town No comparables
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
Trusted, Experienced, & Award-Winning REALTOR®
778-918-5990
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