Property Description

A substantial 8.5 acre development parcel in the Town of Ladysmith, offering a builder or developer the chance to step into a subdivision that is already underway. This is the balance of the established Thetis Drive project, and much of the hardest work is behind it. The paved and curbed access road runs from Thetis Drive into the middle of the site, the watercourse crossing (typically one of the most expensive elements of a project like this) is already constructed, and drainage ditching and culverting is complete. Storm and sewer connections are reported in place at the south end, and full municipal servicing is available, including water, sewer, storm drainage, hydro, natural gas, telephone and cable. The land slopes moderately from west to east with a level bench through the centre, has been previously cleared, and is now lightly treed with a high gravel and rock content in the soil. A concept prepared for the property contemplates approximately 24 residential lots averaging about 0.33 acres, or roughly 14,230 sq ft each, subject to Town of Ladysmith approval. Lot sizes at that scale are what set this site apart. Under the province's Bill 44 small scale multi unit housing legislation, lots of this size can support up to four dwelling units each, whether as a duplex with suites or a fourplex, a density that is uncommon among the finished lots available on the market today. Ladysmith sits midway between Nanaimo and Duncan with quick access to the Trans Canada Highway, the Nanaimo Airport and both ferry terminals. The town offers a working harbour and marina, Transfer Beach, a heritage main street, schools, shopping and services, with the trails, lakes and coastline of central Vancouver Island close at hand. Zoned R1. Buyer to confirm zoning, density, servicing capacity and lot yield with the Town of Ladysmith. All measurements and information are approximate and should be verified if important to the buyer. (id:7434)