About 501 North Rd
GABRIOLA FUTURE DEVELOPMENT POTENTIAL. This 3.77 acre property borders the Village Centre, Gabriola's main commercial area. Although presently zoned residential, the owner has been working with planning and Islands Trust on a development plan which would take this property to its highest and best use with much needed commercial and residential expansion. The property does have an old house and large storage building as well as a newly drilled well, but is being sold as is where is, as the true value of this investment is the development potential upon the favoured rezoning. This property boasts unprecedented frontage along the village's two main roads which allows for unlimited design plan. Whether investing to move forward or land banking, a property such as this is a rare asset on a extremely accessible island.
Features of 501 North Rd
| MLS® # | 970609 |
|---|---|
| Price | $1,089,000 |
| Acres | 3.77 |
| Year Built | 1949 |
| Type | Commercial Sale |
| Sub-Type | Unimproved Land |
| Status | Active |
Community Information
| Address | 501 North Rd |
|---|---|
| Area | Isl Gabriola Island |
| City | Gabriola Island |
| County | Nanaimo Regional District |
| Province | BC |
| Postal Code | V0R 1X0 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
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Additional Information
| Date Listed | July 15th, 2024 |
|---|---|
| Days on Market | 187 |
| Zoning | LRR |
Listing Details
| Office | Macdonald Commercial Real Estate Services Ltd. |
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