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RALPH RICHARDSON

ralph@ralphrichardson.ca +1(416) 523-6447

$ 2,950,000

Est. payment | -/mo

4 Beds

2 Baths

2,150 SqFt

Save

$ 2,950,000

Est. payment | -/mo

Save

4 Beds

2 Baths

2,150 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2150

Square Footage 2,150 sqft

Price per Sqft $1,372

Subdivision Upper Lantzville

MLS® Listing ID 1039358

Bedrooms 4

Lot Size 5.960 Acres

Acres 5.96

Property Sub-Type Freehold

Appx SqFt 2150

Property Description

Rare development opportunity in highly desirable Upper Lantzville. This prime 5.96-acre property has been largely cleared and offers municipal services at the lot line with excellent frontage on Harwood Drive. Extensive planning, due diligence, and entitlement work is already complete, positioning the site well ahead of typical early-stage opportunities and enabling a streamlined path to execution. The standout advantage is the R8-zoned Lot A frontage along Harwood Drive, which supports a smart phased development strategy that can proceed independently: Start with 14 high-end patio homes on the R8 portion for early revenue generation and strong cash flow, then deliver 9 single-family strata lots on the R1/R2 balance in subsequent phases. This creates an efficient, financeable, lower-risk approach aligned with strong local demand for quality ground-oriented housing in one of Vancouver Island's most supply-constrained markets. Key completed items include rezoning (R1/R2/R8), environmental and wetland assessments, stormwater management plan (updated February 2026), RAPR approval, survey, and park dedication satisfaction. Development Permit (DP) documentation is fully prepared and ready to submit, with community amenity contributions already made. An existing ~2,100 SF tenanted home provides potential interim income during early phases. An optional larger-scale opportunity exists with the adjacent property at 6685 Harwood Road. The adjacent property owners have expressed interest in a potential sale, which could enable a combined ~34-unit vision if acquired. However, the subject property delivers via the phased R8 lot, robust standalone value and development flexibility without requiring assemblage. This is a rare chance to secure well-advanced development land in a high-growth corridor. NDA required for qualified developers. Contact listing agents for the full confidential package. (id:24570)

Location

Province BC

Zoning Residential

Rooms

Kitchen 1.0

Extra Room 1 Lower level 3-Piece Bathroom

Extra Room 2 Lower level 12'9 x 9'10 Storage

Extra Room 3 Lower level 12'7 x 8'2 Den

Extra Room 4 Lower level 26'2 x 13'11 Family room

Extra Room 5 Lower level 9'7 x 9'3 Bedroom

Extra Room 6 Lower level Measurements not available x 14 ft Entrance

Interior

Heating Heat Pump

Fireplaces Number 2

Exterior

Parking Features No

View Y/N Yes

View Mountain view, Ocean view

Attached Garage No

Garage No

Private Pool No

Others

Ownership Freehold

Listed by 460 Realty Inc. (NA)

NEARBY SCHOOL & BUSINESS

+1(416) 523-6447

ralph@ralphrichardson.ca

119 Merton Street, Toronto

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6671 Harwood Dr Lantzville, BC V0R2H0