Residential

Property Description

Rare development opportunity in highly desirable Upper Lantzville. This 5.96-acre property has been largely cleared, offers municipal services at the lot line, and benefits from extensive planning, due diligence, and entitlement work already completed. The key advantage is the R8-zoned frontage along Harwood Drive, allowing a phased development strategy: begin with 14 high-end patio homes for early revenue generation, followed by 9 single-family strata lots on the remaining R1/R2 lands. Completed work includes rezoning (R1/R2/R8), environmental and wetland assessments, stormwater management plan, RAPR approval, survey, park dedication satisfaction, and Development Permit documentation ready for submission. An existing ~2,100 SF tenanted home provides potential interim income. The adjacent property may also be available for purchase, creating a potential 34-unit vision. NDA required for qualified developers. Contact listing agents for the confidential package.