**This property now has an accepted offer at $1,900,000, conditional only on court approval. Court date is September 4th 9:45am Nanaimo Court House 35 Front Street. Please contact realtor for details.** We are pleased to offer this 10 -acre development property, zoned and ready for your multifamily plans. 1360 -1480 Arden Road is located within the City of Courtenay in a semi-rural residential transitional area that has been experiencing multifamily development in recent years. The property has 528 feet of frontage on Arden Road as well as frontage on 13th Street at the rear of the property. The property slopes gently from front to rear and is split- zoned, with the majority of it zoned CD -19 which permits density up to 106 units. There are three rental homes on the property which will provide income during the pre- construction phase or could continue to be maintained as single family homes and the remaining lands could be developed. There a This is a court- ordered sale.
Chris Martin, 250.751.1223 at RE/MAX of Nanaimo, #1 - 5140 Metral Drive, Nanaimo, British Columbia, V9T 2K8