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Jenny Spencer

jennspencerrealtor@gmail.com +1(587) 890-0965

$ 13,250,000

Est. payment | -/mo

14 Beds

9 Baths

9,735 SqFt

Save Virtual Tour

$ 13,250,000

Est. payment | -/mo

Save Virtual Tour

14 Beds

9 Baths

9,735 SqFt

Key Details

Property Type Single Family Home, Condo

Sub Type Strata

Listing Status Active

Purchase Type For Sale

Approx. Sqft 9735

Square Footage 9,735 sqft

Price per Sqft $1,361

Subdivision Cedar

MLS® Listing ID 1041947

Bedrooms 14

Lot Size 120.000 Acres

Acres 120.0

Property Sub-Type Strata

Property Description

Introducing an exceptional and rare opportunity to acquire a one of a kind 120 acre oceanfront estate, strata titled and seamlessly connected to the sought after Cedar by the Sea area in South Nanaimo, with the seller open to accommodating a vendor takeback financing option. This remarkable property offers strong existing revenue and outstanding development potential, with zoning that supports agriculture, equestrian facilities, livestock operations, or vineyard development. Its scale and versatility make it ideal for multigenerational living, a private retreat, or a long term investment. Farm status may also be reinstated for significant property tax reductions. The estate features five ocean view homes generating rental income: three single family residences and one duplex on individual 1.2 acre titles, one including farm infrastructure. Current regulations may allow each lot to add suites and carriage homes, potentially enabling up to twelve income streams. At the heart of the offering is a spectacular 23 acre oceanfront parcel boasting 754 feet of easily accessible shoreline. This pristine coastline, home to whales, eagles, owls, and otters; offers a private driftwood beach and sweeping 180° views across the Gulf Islands to Vancouver. With municipal water and hydro at the lot line and previous farm status eligibility, it's an ideal site for a dream residence or luxury estate. Offered as a complete corporate share sale including all 5 titles and land (with potential for individual sale), the purchaser will also assume control of the strata corporation governing approximately 95 acres of cleared farmland suited for livestock and equestrian use. Roughly half the acreage consists of fertile soil with ample water, ideal for crops or lease revenue, with identified sites for barns and facilities. Gently rolling and private, the land lies just ten minutes from Nanaimo's full range of amenities. Don't miss this rare offering of Vancouver Island's untouched coastline. (id:24570)

Location

State BC

Zoning Agricultural

Rooms

Kitchen 5.0

Extra Room 1 Other Measurements not available Kitchen

Extra Room 2 Other Measurements not available Kitchen

Extra Room 3 Other Measurements not available Kitchen

Extra Room 4 Other Measurements not available Kitchen

Extra Room 5 Other Measurements not available Kitchen

Extra Room 6 Other Measurements not available Bathroom

Interior

Heating Other

Cooling See Remarks

Exterior

Parking Features No

Community Features Pets Allowed, Family Oriented

View Y/N Yes

View Mountain view, Ocean view

Attached Garage No

Total Parking Spaces 25

Garage No

Private Pool No

Others

Ownership Strata

Virtual Tour https://www.youtube.com/watch?v=ScWV3fmBcZ8

Listed by Engel & Volkers Vancouver Island North

Nearby Locations

GET MORE INFORMATION

+1(587) 890-0965

jennspencerrealtor@gmail.com

1816 crowchild trail nw # 700 Calgary T2M3Y7, Canada

2980 Lofthouse Rd Nanaimo, BC V9X1N6