Lot 3 Balsam Rd

Lot 3 Balsam Rd · Nanaimo, South Nanaimo · Industrial · $3,930,000 · MLS 1040432

Nanaimo, British Columbia · Neighbourhood: South Nanaimo

C$3,930,000

For sale

Lot 3 Balsam Rd is located in Nanaimo (South Nanaimo). Property snapshot: Industrial, listed at $3,930,000, MLS 1040432. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 2. Latest recorded list price 3930000.00.

List Price: $3,930,000

MLS: 1040432

Days on Site: 2

Price History: Latest recorded list price 3930000.00

Local Decision Guide

How should buyers evaluate Lot 3 Balsam Rd?

Start by reading this listing in its Nanaimo South Nanaimo context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?

Recent comparable sales, competing active listings, days on market, price changes and current market pace.
Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.

How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for Lot 3 Balsam Rd?

This page shows a list price of $3,930,000 with MLS 1040432.

What type of home is this Nanaimo, South Nanaimo listing?

The page shows Industrial at Lot 3 Balsam Rd. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 2 days on market/site. Latest recorded list price 3930000.00.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

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Remarks

Outstanding opportunity to acquire 2.62 acres of prime Light Industrial (LI-1) zoned land in the highly sought-after Mid-Island region. This level, usable parcel is ideally suited for a wide range of industrial and commercial applications and offers excellent potential for future development. Strategically located in South Nanaimo’s established industrial area near the end of Balsam Road, the property provides convenient access to major transportation routes, including the Island Highway for efficient north and southbound travel. It is also ideally situated near the Nanaimo Duke Point Ferry Terminal and the Downtown Nanaimo Port, making it well-suited for logistics, warehousing, or distribution operations. This is an outstanding opportunity to secure industrial land in a growing and well-connected location. Contact us today for a full information package or to arrange a private tour. Plus GST. (id:56153)