1/377261 Lantzville Rd, Lantzville
7261 Lantzville Rd, Lantzville, BC V0R2H0
$1.4M total
2,038 SF
Asset Class
Specialty
Size
2,038 SF
Building class
A
Zoning
DC2 — Site Specific
$ / SF
$662
Occupancy
95%
Year Built
1942
Lot Size
0.91 ac
About this property
Opportunity Knocks! All the potential you have been waiting for to build low rise residential homes, multigenerational living or your dream home. 0.91ac estate lot & charming character home in the seaside community of Lower Lantzville. Located in DPA8 & zoned in the Future Special Area Plan of the Lower Lantzville Village Official community plan. The flat, south-facing, quiet & private acreage is an amazing location only one block from the Beach, across the street from Huddlestone Park, around the corner from Seaview Elementary School, pub, shops & professional offices. North Nanaimo shopping a few min drive. Renovated 3 bed 1 bath charming character home with coved ceilings, wood floors & heat pump. Lower level walk-out basement with 2nd laundry & workshop/motorbike/kayak parking. Connected to community water & sewer with bonus shallow well for unmetered watering. Large workshop, carport & RV connections. Measurements approximate. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$6K
Projected NOI
$105K
Annual cash flow
$30K
Cash-on-cash
7.41%
DSCR
1.40
Going-in cap
7.77%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Blue Harbour Design | 811 SF | 2031-12 |
| Blue Harbour Design | 472 SF | 2031-12 |
| Blue Harbour Design | 400 SF | 2031-12 |
| Blue Harbour Design | 400 SF | 2031-12 |
Area demographics
Trade area within 3 miles of the property.
Population
125,119
Households
51,820
Median income
$89,000
Median age
45.1
Daytime population
163,469
5-yr growth
5.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 7261 Lantzville Rd, Lantzville.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.