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Land For Sale at 2300 Extension Rd in Nanaimo, British Columbia

4 Sale ID #209960
Updated 03 May 2024

Asking Price

$1,175,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

Lot Size

N/A

Building Size

N/A

Premise Summary

Acreage in the City. Come and build your dream home set amongst the natural backdrop of trees and creeks. Here is a great opportunity to purchase a lovely, quiet country acreage. A perfect private oasis or fabulous development opportunity. Located in a fully serviced yet rural area of Nanaimo close to many amenities! This mostly treed 5 acre parcel of land is a perfect spot to built your new home amongst the wetland areas and tranquil creek providing a nature lovers back drop! Alternatively an excellent investment for a developer with a proposed 13 unit building strata already in place. The R10 zoning provides great options! Located just a few minutes to shopping, schools, parks, BC Ferries and more. Services are close by including Nanaimo municipal sewer and water. Call for more details. (id:39198)

  • MLS® : #954565
  • Date Listed : 26 Feb 2024

Location

Province

British Columbia

City

Nanaimo

Address

2300 Extension Rd

Postal Code

V9X1B1

Location Highlights

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Listed by

Royal LePage Nanaimo Realty (NanIsHwyN) British Columbia listing

Category

land

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

0

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,175,000

Asking Price

$1,175,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

0

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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