501 NORTH GABRIOLA ISLAND

neighbourhood of Other British Columbia Canada V0R 1X0
$1,089,000

501 NORTH GABRIOLA ISLAND

  • Price: $1,089,000
  • MLS Number: 970609
  • Property Type: Residential

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.

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Listing Brokerage: Macdonald Commercial Real Estate Services Ltd.

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