Residential

Property Description

Eight and a half acres of residential development land in the Town of Ladysmith, forming the balance of the established Thetis Drive subdivision. Much of the heavy lifting is complete. A paved and curbed road runs into the site, the watercourse crossing is built, ditching and culverting is done, and full municipal services are available including water, sewer, storm drainage, hydro, natural gas, telephone and cable. The land was previously cleared, is lightly treed, and slopes gently west to east with a level central bench. A concept for the property contemplates approximately 24 lots of about 0.33 acres each, subject to Town approval. At that size, provincial Bill 44 legislation allows up to four dwelling units per lot, a density that is uncommon among the lots available today. Zoned R1. Minutes to the Trans Canada Highway, midway between Nanaimo and Duncan. Buyer to confirm zoning, density, servicing and lot yield with the Town of Ladysmith. Measurements approximate.