$550,000
$569,900
3.5%For more information regarding the value of a property, please contact us for a free consultation.
LT 2 Tait Rd Gabriola Island, BC
37.89 Acres Lot
Key Details
Sold Price $550,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 837779
Sold Date 08/04/20
Lot Size 37.890 Acres
Acres 37.89
Property Description
DEVELOPMENT READY.... This 37.8 acre property is ready to subdivide. The SRR zoning allows subdivision into 5 acre parcels and there is an existing PLA in place to create 5 lots: Four lots will be 5 acres and the fifth will be 15 acres. The property has the roads roughed in and the land is cleared. The developer that has taken it this far estimates that the balance of the work to be done will be $350,000. Add in your purchase cost and the ROI could be 40%. The property has a comfortable slope to the south side giving ocean and coastal mountain views to those lots and the lower larger acreage is quiet flat and has a nice field of about 3 acres - perfect for growing.
Location
State BC
County Nanaimo Regional District
Area Isl Gabriola Island
Zoning SRR
Building
Sewer None
Water None
Others
Tax ID 030-260-752
Ownership Freehold
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Royal LePage Nanaimo Realty Gabriola