About This Property
Build your dream home, bring a mobile home, or make use of the workshop while you plan your future build. This fairly flat and cleared over 1/3 acre lot is located on a quiet street in desirable Central Cedar and offers excellent potential for a private building lot. Flooded with sunshine, this property features a refurbished 720 sq ft workshop/garage that is heated, wired, insulated, and topped with a new metal roof. Municipal water is connected, and there is new 200-amp electrical service to a permanent pole, with 65 amps run underground to the workshop. The yard is fully fenced, and an existing septic system is in place that could service an RV while you build your new home. A rare opportunity to secure a ready-to-go building lot with valuable improvements already in place. All info and data approximate. Price is plus GST (id:64973)
The $525,000 asking price for this 1/3-acre lot in Central Cedar, Nanaimo translates to a competitive $34 per square foot, well below the city's average for vacant land. With a pre-existing 720 sq ft workshop and municipal utilities in place, this property presents an attractive turnkey opportunity for builders or those seeking to establish a home-based business. Given the lot's size, zoning, and infrastructural advantages, this property would likely appeal to small-scale developers, tradespeople, or those looking to construct a custom home, making it a versatile investment in Nanaimo's rapidly evolving real estate market.
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