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.
Address
501 North Rd
List Price
$1,089,000
Property Type
Commercial Sale
Type of Dwelling
Unimproved Land
Area
Islands
Sub-Area
Isl Gabriola Island
Lot Size
164221 Sq. Ft.
Lot Size (Acres)
3.77 Ac.
Year Built
1949
MLS® Number
970609
Listing Brokerage
Macdonald Commercial Real Estate Services Ltd.
Postal Code
V0R 1X0
Tax Amount
$2,330.00
Tax Year
2023
