565 Brechin Rd, Nanaimo

Type: Lots and Land
Added: 1 month ago
Updated: 1 month ago
Last Checked: 11 hours ago
Listed by: Sutton Group-West Coast Realty (Nan)
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Listing description
This Vacant Lot at 565 Brechin Rd Nanaimo, BC with the MLS Number 1009033 listed by Mike Phillips - Sutton Group-West Coast Realty (Nan) on the Nanaimo market 1 month ago at $2,800,000.

This exceptional 1.92-acre Oceanview development property is one of the last remaining undeveloped parcels in the much sought-after Brechin Hill area of Nanaimo. Ideally located near downtown, close to Departure Bay ferry and seaplane terminals, marinas, parks, local shops and restaurants. The property boasts scenic ocean views of Departure Bay, Newcastle Island, Newcastle Channel, and Nanaimo Harbour. Its gently sloping terrain provides natural elevation variations, allowing for a thoughtfully designed layout that ensures territorial views for most units. The City of Nanaimo is open to various rezoning and development options, including a proposed 47-unit development with 15 townhouses and 32-unit apartment building or a previous plan for 24 luxury townhomes with/without suites. Alternatively, consider subdividing into 10-12 Oceanview lots for single-family homes, duplexes, or multiplexes, subject to city approval. And the Citywide Parking Review is expected to ease parking requirements, adding further potential benefits. Versatile development options enable flexible financing strategies, like constructing townhouses or residential lots in phases as the market or Financing dictates or leveraging attractive CMHC rates for rental apartment construction. Architectural and engineering designs, along with geotechnical, environmental, and other reports, are available as part of the offering and accessible to potential buyers upon signing a Confidentiality Agreement. The Buyer is responsible for independently verifying all property details and development potential through the City of Nanaimo, relevant authorities, or qualified third-party professionals. (id:1945)

Exterior & Lot Features Learn about the exterior and lot specifics of 565 Brechin Rd

Lot Size Units: acres
Lot Size Dimensions: 1.92

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Nearby Listings Stat Estimated price and comparable properties near 565 Brechin Rd

Active listings

272

Min Price

$46,900

Max Price

$6,500,000

Avg Price

$772,006

Days on Market

53 days

Sold listings

Min Sold Price

$245,000

Max Sold Price

$2,769,000

Avg Sold Price

$767,739

Days until Sold

64 days

Nearby Places Nearby schools and amenities around 565 Brechin Rd

BC Ferries Departure Bay Terminal (0.4 km)
680 Trans-Canada Hwy, Nanaimo

Shanghai City Restaurant (0.9 km)
2000 Island Hwy N, Nanaimo

Huong Lan Vietnamese Restaurant (2.2 km)
1925 Bowen Rd #19, Nanaimo

Mrs Riches Restaurant (2.6 km)
199 Fraser St, Nanaimo

Modern Cafe (2.7 km)
221 Commercial St, Nanaimo

Asteras (2.8 km)
347 Wesley St, Nanaimo

Bistro Taiyo Japanese Restaurant (2.8 km)
321 Wesley St, Nanaimo

Tina's Diner (2.8 km)
187 Commercial St, Nanaimo

Ramada (1.5 km)
315 Rosehill St, Nanaimo

Howard Johnson Hotel Nanaimo (2.2 km)
1 Terminal Ave, Nanaimo

Tim Hortons (2.3 km)
15 Wallace St, Nanaimo

Dinghy Dock Pub (2.4 km)
8 Pirates Ln, Nanaimo

Gina's Mexican Cafe (2.5 km)
47 Skinner St, Nanaimo

Oxy Pub & Liquor Store (2.7 km)
432 Fitzwilliam St, Nanaimo

Nanaimo Harbour Water Airport (2.5 km)
Nanaimo

Quality Foods (2.7 km)
2220 Bowen Rd #7, Nanaimo

Price History

Listed

August 1, 2025

by Sutton Group-West Coast Realty (Nan)

Lots and Land For Sale

$2,800,000

565 Brechin Rd, Nanaimo

Listing description This Vacant Lot at 565 Brechin Rd Nanaimo, BC with the MLS Number 1009033 listed by Mike Phillips - Sutton Group-West Coast Realty (Nan) on the Nanaimo market 1 month ago at $2,800,000.

Nearby Listings Stat Estimated price and comparable properties near 565 Brechin Rd

Nearby Places Nearby schools and amenities around 565 Brechin Rd

Price History

Similar Vacant Land For Sale

Listing description
This Vacant Lot at 565 Brechin Rd Nanaimo, BC with the MLS Number 1009033 listed by Mike Phillips - Sutton Group-West Coast Realty (Nan) on the Nanaimo market 1 month ago at $2,800,000.