$1,089,000
501 North Rd Gabriola Island, BC V0R 1X0
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$1,089,000
Est. payment /mo
3.77 Acres Lot
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 Islands
Zoning LRR
Exterior
Parking On Site 1
Others
Pets Allowed Yes
Tax ID 003-329-372
Ownership Freehold
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Listed by Macdonald Commercial Real Estate Services Ltd.
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