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$3,200,000 Sale
Listed 126 days ago
670 Farrell Rd
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Key Facts
Key facts for 670 Farrell Rd
Property Type
Lots/Land
Parking
On Site
MLS #
1041862
Size
-
Basement
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Listed on
-
Lot size
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Tax
$41,049.15 /yr
Days on Market
-
Year Built
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Maintenance Fee
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Description
An exciting development opportunity in the growing seaside community of Ladysmith on Vancouver Island. This 3.68-acre vacant site carries a Multi-Family Residential OCP designation supporting buildings up to 6-storeys and FSR up to 2.2, for a maximum buildable of 352,840 SF, which provides developer...s exceptional scale and flexibility. Perfectly positioned along the Trans-Canada Highway between Nanaimo and Duncan, the site offers incredible harbour views and benefits from paved roads, curbing, and utilities already in place from the adjacent single-family subdivision. There are strong market dynamics with Ladysmith drawing steady migration from higher-cost urban markets as residents seek attainable housing and a lifestyle-oriented setting. The town recorded 5.3% population growth between 2016 and 2021, and ongoing subdivision activity confirms the neighbourhood's continued development trajectory.
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Listing courtesy of: Paradigm Group Commercial Real Estate Services

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