Douglas Village Development
Investment Opportunities in Commercial/Industrial Development
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| Douglas Village Light Industrial Layout Click on image for larger view |
Participating in this Investment Opportunity
Potential investors can participate in this development in one ore more of the following ways,
- Land Purchase Joint Venture Participation
- Land Banking for Builders
- Strata Warehousing Lease or Purchase
Douglas Village Overview
Douglas Village constitutes 20-acres zoned for mixed-use residential, commercial and light industrial. Consisting of eleven (11) separate lots, plus park space the land has received a PLA from the City of Nanaimo. Municipal services are available to the site. The properties have been identified as a Community Village within the City of Nanaimo's Official Community Plan (OCP) (www.nanaimo.ca). Currently, all land parcels, either individually or collectively are available for sale. The Douglas Village Joint Venture (the developers) will also entertain third party joint venture participation or "land banking" for developer builders.
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| Property Location Click on image for larger view |
The subject property is located on the northeast corner of Tenth Street and Douglas Avenue near the Southside Industrial Park in the southern end of the City of Nanaimo, British Columbia. By vehicle, the site is five minutes from the Nanaimo's Downtown Core, one minute from the Island Parkway and twelve minutes from the B.C. Duke Point Ferry Terminal.
Property Description
The vacant land is lightly treed and slopes moderately down toward the southeasterly boundary. A small drainage course runs from the northeast corner down towards the southeasterly boundary. Soil type is gravel / loam sand. There is no environmentally or Geotechnical issues. Access is via Tenth Street or Douglas Avenue.
Subdivisions
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| Douglas Village Subdivisions Click on image for larger view |
| Lot | Size (Acres) | Zoning | Allowable Uses | Price |
| 1 | 1.2 | RM-3 | Single Family, Townhouse, Manufactured Homes | |
| 2 | 2.0 | C-4 | Retail, Restaurant, Pub | |
| 3 | 1.4 | RM-5 | RM-3 uses plus apartments | |
| 4 | 1.1 | RM-5 | RM-3 uses plus apartments | |
| 5 | 1.1 | RM-5 | RM-3 uses plus apartments | |
| 6 | .74 | RM-3 | RM-3 uses plus apartments | |
| 7 | 1.0 | RM-3 | RM-3 uses plus apartments | |
| 8 | .6 | RM-3 | RM-3 uses plus apartments | |
| 9 | .9 | RM-3 | RM-3 uses plus apartments | |
| 10 | 3.8 | I-2 | Warehousing, Offices | |
| 11 | 2.8 | Detention Pond | ||
| 1.8 | Park Space | |||
Services
Water is located one block east on Tenth Street. A sanitary sewer easement bisects the properties. A detention pond in the southeast corner will handle storm sewer. A number of the servicing upgrades to the property are the responsibility of the City through approved Development Cost Charges projects. Full utility services including hydro, telephone, natural gas and cablevision are available.
Land Development Opportunities
Land development opportunities are becoming increasingly scarce within Nanaimo's Urban Containment Boundaries. Development focus in now on South Nanaimo for affordable land. Of particular need is affordable housing particularly for young families. Strata warehousing is non-existent to serve the central island's successful and expanding businesses.
Potential Full 20 Acre Land Development Plan
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| Douglas Village Full Site Plan Click on image for larger view |
Ask for more details about our projects by using our Contact Form or email us - bobeakin@islandpropertyopportunities.com or call Bob Eakin at 250 714 4664.
