Rare development opportunity in highly desirable Upper Lantzville. This 5.96-acre property has been largely cleared, offers municipal services at the lot line, and benefits from extensive planning, due diligence, and entitlement work already completed. The key advantage is the R8-zoned frontage along Harwood Drive, allowing a phased development strategy: begin with 14 high-end patio homes for early revenue generation, followed by 9 single-family strata lots on the remaining R1/R2 lands. Completed work includes rezoning (R1/R2/R8), environmental and wetland assessments, stormwater management plan, RAPR approval, survey, park dedication satisfaction, and Development Permit documentation ready for submission. An existing ~2,100 SF tenanted home provides potential interim income. The adjacent property may also be available for purchase, creating a potential 34-unit vision. NDA required for qualified developers. Contact listing agents for the confidential package.
Data was last updated June 18, 2026 at 12:05 AM (UTC)
Area Statistics
Listings on market:
112
Avg list price:
$1,230,000
Min list price:
$30,000
Max list price:
$25,000,000
Avg days on market:
104
Min days on market:
5
Max days on market:
751
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.