2980 Lofthouse Rd

For Sale New 19 hours
$13,500,000
beds
baths

2980 Lofthouse Rd

For Sale New 19 hours
$13,500,000
beds
baths

Highlights

Key insights

Description

Introducing an exceptional opportunity to acquire a one of a kind 120 acre oceanfront estate, strata titled and seamlessly connected to the sought after Cedar by the Sea area in South Nanaimo. This remarkable property offers both strong existing revenue and outstanding development potential, with zoning that supports agriculture, equestrian facilities, livestock operations, or vineyard development. Its scale and versatility make it ideal for multigenerational living, a private retreat, or a visionary long term investment. Farm status may also be reinstated for significant property tax reductions. The estate features 5 beautifully positioned ocean view homes generating rental income: 3 single family residences and 1 duplex on individual 1.2 acre titles, one including farm infrastructure. Current regulations allow each lot to add suites or carriage homes, potentially enabling up to 12 income streams. At the heart of the offering is a spectacular 23 acre oceanfront parcel boasting 754 feet of easily accessible shoreline. This pristine coastline—home to whales, eagles, owls, and otters—offers a stunning private driftwood beach and sweeping 180° views across the Gulf Islands to Vancouver. With municipal water and hydro at the lot line and previous farm status eligibility, it’s a perfect site for a dream residence or luxury estate. Offered as a complete corporate sale including all 5 titles and land (with potential for individual sale), the purchaser will also assume control of the strata corporation governing roughly 95 acres of previously cleared farmland, well suited for livestock and equestrian activities. About half the acreage consists of fertile soil with ample water, ideal for crops or lease revenue, with an identified site for barns and facilities. Gently rolling and private, the land lies just ten minutes from Nanaimo’s full range of services and amenities. Don't miss this rare offering of a stretch of Vancouver Island’s untouched coastline. (id:63267)

Kelsey Savage of Engel & Volkers Vancouver Island North,
#1018566
updated 47 minutes ago.
Houseful checked MLS® for data 47 minutes ago.

Home overview

Location
  • Subdivision
    Cedar
  • Zoning description
    Unknown
  • Directions
    2061182
Lot/ Land Details
  • Lot dimensions
    120
Overview
  • Lot size (acres)
    120.0
  • Listing #
    1018566
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/29045132/2980-lofthouse-rd-cassidy-cedar
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-36,000

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