BC > Gabriola Island
Gabriola Island, BC V0R 1X0,501 North Rd
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Alex Burns

Alex Burns

+63(999) 527-0409
$1,089,000
Est. payment /mo
3.77 Acres Lot
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UPDATED:

07/16/2024 04:26 AM

Key Details

Property Type Commercial

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 970609

Rental Info Unrestricted

Year Built 1949

Annual Tax Amount $2,329

Tax Year 2023

Lot Size 3.770 Acres

Acres 3.77

Property Description

GABRIOLA DEVELOPMENT OPPORTUNITY. This 3.77 acre property boarders the Village Centre, Gabriola's main commercial area. Although presently zoned residential, the owner has been working with planning and Islands Trust on a development plan which would take this property to its highest and best use with much needed commercial and residential expansion. The property does have an old house and new drilled well, but is being sold as is where is, as the true value of this investment is the development potential upon the favoured rezoning. Unprecedented frontage along the village's two main roads allows for unlimited design plan. The purchase of this property is contingent on the sale of the Seller's business "Island Home and Garden Store" located across the street, or can be negotiated as part of that independent sale. Refer to MLS 970594.

Location

Province BC

County Nanaimo Regional District

Area Isl Gabriola Island

Zoning LRR

Exterior

Parking On Site 1

Others

Tax ID 003-329-372

Ownership Freehold

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Listed by Macdonald Commercial Real Estate Services Ltd.
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