This expansive half-acre lot, now rezoned to R6, offers a prime opportunity for development in the desirable Rutherford Ridge area. With the new zoning, the property may accommodate the construction of up to seven strata townhouses, making it an ideal investment for developers looking to capitalize on the area's growth potential. The property is perfectly situated within walking distance of Nanaimo's top amenities, including renowned bakeries, restaurants, shopping centers, and yoga studios. The existing 1,300 square foot rancher features an open-concept design with a spacious kitchen and living area centered around a natural gas fireplace. The main living space leads to a private, tree-lined backyard and a substantial wrap-around deck totaling nearly 800 square feet. Additional features of the home include a laundry room next to the kitchen, a separate pantry, built-in vacuum system, ceiling fan, 200-amp electrical service, and a mudroom with direct access to the large two-car garage. The well-designed floor plan places two bedrooms at one end of the home, separated by a four-piece bathroom. A level driveway and additional RV parking enhance the property's appeal. Large windows throughout ensure plenty of natural light, creating a bright and inviting atmosphere. This property not only offers immediate comfort but also significant potential for future development with its ability to support multiple strata townhouses.
Address
5378 Rutherford Rd
List Price
$1,199,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Nanaimo
Sub-Area
Na North Nanaimo
Bedrooms
2
Bathrooms
2
Floor Area
1,319 Sq. Ft.
Lot Size
21311 Sq. Ft.
Lot Size (Acres)
0.49 Ac.
Year Built
1988
MLS® Number
979669
Listing Brokerage
Royal LePage Nanaimo Realty (NanIsHwyN)
Basement Area
Crawl Space
Postal Code
V9T 5N9
Tax Amount
$5,329.00
Tax Year
2023
Features
Central Vacuum, Mixed, Other
Amenities
Landscaped, Level, Shopping Nearby, Sprinkler System, Wheelchair Friendly