31.6% price reduce

2330 Extension Rd, No City Value, BC

$2,999,999
Est. Mortgage /mo

MLS# R2921482 · Chase River

0 sqft
$2,999,999
$4,388,000
Est. /mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Property Details & Specs

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 -

Property Metrics

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

Additional Details

MLS® # R2921482
Building Name Chase River
Area FVREB Out of Town
Neighbourhood FVREB Out of Town
City No City Value
Postal Code V9X 0A9
Price per Sqft -
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 -
Strata Restrictions -
Rental Restrictions -
Zoning R10
Rental Suites -
# of Kitchens -
Locker -
View 1
View Description PARK; VALLEY; FOREST
Units In Development -

Property Timeline

Status Date Price
R2921482 / Active 08-30-2024 $2,999,999
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 & Transit Info

Public Schools

Secondary
John Barsby Community School
4.96 km
Elementary
Chase River Elementary School
Average
2.23 km
5.3/10
Elementary
Chase River Elementary School
2.23 km

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
Average
8.87 km
6.5/10
Secondary
The High School at VIU
6.2 km

Closest Transit

Bus Stop
Cinnabar at Stacey (SB)
0.21 km
Skytrain
Skytrain @ Yvr-Airport Stn
55.83 km

Demographics

Post-Secondary Education
Below Average
15%
No Certificate/Degree
Above Average
17.5%
Owner Occupied
Average
65.2%
Employment Rate
Below Average
52.3%

Noise/ Power Lines

Road/Hwy Noise
Unlikely
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $843
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($600,000), the estimated monthly payment for this listing is $12,301/month — $11,458 principal & interest, $843 property tax.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
At an estimated rental income of $7,559/month, this property runs a $4,991/month shortfall after mortgage and carrying costs. Break-even requires approximately 55% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds Home Types Square Feet Lot Size Year Built
This Home $2,999,999
No City Value Loading...
FVREB Out of Town Loading...
Based on 6 comparable active Lands in FVREB Out of Town, the average asking price is $739,833. This listing is priced 305.5% above the neighbourhood average. This property is flagged as a Hot Deal (31.6% price reduce) based on its competitive pricing and market demand.
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

Property FAQs

What are the closest top-rated schools to 2330 Extension Road, No City Value, BC?
The closest top-rated schools are John Barsby Community School and Chase River Elementary School.
Is 2330 Extension Road, No City Value, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 2330 Extension Road, No City Value, BC?
With a standard down payment, the estimated monthly mortgage is approximately $18,000.
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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