7555 Fernmar Road, Upper Lantzville Lantzville
Price
$8,900,000
BedroomsNot listed
BathroomsNot listed
SizeNot listed
Year BuiltNot listed
Property TypeDetached Home
Property Taxes$12,160
Description
Nestled in the heart of Lantzville, this 18.5-acre property offers an unparalleled development opportunity on Vancouver Island. Already zoned as Residential R1, the land is ideally suited for creating a community of 35 half-acre lots, allowing for a thoughtfully planned neighborhood with generous space per home. Possibility for rezoning to R3. With breathtaking ocean views, this property overlooks the serene Winchelsea Islands and the rugged mainland mountains, providing a spectacular setting for future homeowners. Its location is unrivaled—just a short walk to the Winchelsea View Golf Course, 5 minutes to North Nanaimo’s shopping and amenities, and mere moments from Lantzville’s pristine beaches. Whether future residents seek the energy of nearby cities or the tranquility of island living, this location offers the best of both worlds. Plus, it’s only an hour to Mt. Washington for year-round recreation, an hour and a half to Victoria, and 2.5 hours to the renowned coastal destinations of Tofino and Ucluelet. This property presents a unique opportunity for developers looking to create a sought-after community in a central island location with extensive natural beauty and convenient access to key locations. All potential buyers are advised to verify the property’s data, zoning details, and development possibilities. This is an opportunity not just to build homes, but to create a lifestyle on Vancouver Island’s central coast! (id:39198)
Listed By
The listing brokerage and/or agent is
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Property Dimensions
The Property Location
Mortgage Calculator
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Total Monthly Payment
$32,986 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$7,120,000
Total Interest Payments
$4,389,914
Total Payment (Principal + Interest)
$11,509,914
Cashflow Calculator
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Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Comber Friesen Group
Realtors
Related Properties
Meet Alex & Georgia
Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.