**New Price** Development site inclose proximity to Ladysmith's town centre. 1201/1251 Christie Rd totals 4.73 acres, with 3 road frontages - all zoned for multi - family. There is a development permit issued for 66 townhouse units plus additional duplex lot. Existing site layout gives a cost per buildable ft2 at just over $21 - lots of room for builder's profit. Build to existing plans or approach Ladysmith for further densification / rezoning. Apartments? Senior living facilities? Ocean views may be possible at certain heights with selective tree removal. With almost 445 feet of frontage on the Trans Canada Highway, the savvy buyer will have many different opportunities to monetize. VTB is possible for the right buyer, as is a share purchase to eliminate PTT.
Chris Martin, 250.751.1223 at RE/MAX of Nanaimo, #1 - 5140 Metral Drive, Nanaimo, British Columbia, V9T 2K8