3850 Yellow Point Rd Nanaimo, British Columbia V9G 1E9

$6,890,000

Rare Ocean Front Development Opportunity. Set within a picturesque Yellow Point setting, this extraordinary 102-acre ocean front property offers a rare blend of privacy, natural beauty, and investment potential. The proposed seven-lot subdivision is in the final stage of approval. The subdivision consists of 6 new lots, each serviced with a registered well, proof of septic areas, Hydro and cable at the street and a remainder property, lot 7. The 6 lots range in area from 5 to 29 acres, totalling 64 acres, with the remaining waterfront (lot 7) of 38 acres, for a total of 102 acres. The CVRD, First Nations, and MoTT requirements, including road construction, have been completed and approved with the subdivision pending registration at the Land Title Office following paving. The remaining 38 acre property, lot 7, has the potential to create a further 6-lot subdivision.This creates an outstanding opportunity and a legacy property. Featuring a diverse landscape of sun-drenched meadows, mature forested areas, ponds, creeks, sandstone outcroppings, and select ocean frontage, creating a truly remarkable West Coast environment. Ideally located in a peaceful rural area between Ladysmith and Nanaimo. This one-of-a-kind offering presents an exceptional opportunity to create a very desirable investment opportunity or build a private residence immersed in nature. Zoned A2. The property boasts varied topography and significant potential for a range of agricultural or lifestyle uses. An existing two-bedroom cabin provides accommodation while you plan and develop the property. The land is well-serviced with 8 drilled wells, several producing excellent water. A main access road is already in place to support development. Very accessible to the Nanaimo airport and BC ferries at Duke Point and an easy drive to Victoria (id:61048)

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https://www.realtor.ca/real-estate/29334461/3850-yellow-point-rd-nanaimo-cedar