2980 Lofthouse Rd
Cassidy, BC V9X1N6
$13,250,000
Property Details
Property & Lot
- Sub-type
- Multi-Family
- Lot size
- 120 acres
- Zoning
- Unknown
AG1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Annual property tax
- $16,446
Interior
- Fireplace
- None
Listing Information
- MLS®
- 1041982
- Listed
- July 2, 2026
- Time on market
- On the market for 60 days
- Data last synced
- August 28, 2026
Listing provided by: Engel & Volkers Vancouver Island North · Data source: CREA DDF.
Description
Introducing an exceptional and rare 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, with the seller open to accommodating a vendor takeback financing option. This remarkable property offers 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 long term investment. Farm status may also be reinstated for significant property tax reductions. The estate features five ocean view homes generating rental income: three single family residences and one duplex on individual 1.2 acre titles, one including farm infrastructure. Current regulations may allow each lot to add suites and carriage homes, potentially enabling up to twelve 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 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 an ideal site for a dream residence or luxury estate. Offered as a complete corporate share sale including all 5 titles and land (with potential for individual sale), the purchaser will also assume control of the strata corporation governing approximately 95 acres of cleared farmland suited for livestock and equestrian use. Roughly half the acreage consists of fertile soil with ample water, ideal for crops or lease revenue, with identified sites for barns and facilities. Gently rolling and private, the land lies just ten minutes from Nanaimo’s full range of amenities. Don’t miss this rare offering of Vancouver Island’s untouched coastline. (id:63159)
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Cedar average
$601/sqft
1 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Nanaimo
15°C
Partly Cloudy
Humidity 87%
Wind SW 3 km/h
Tonight
12°
Tuesday
21°
Tuesday night
14°
Wednesday
16°
Wednesday night
11°
Thursday
17°
Source: Environment and Climate Change Canada.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
4
1/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Cedar Elementary | Elementary | 3.4 km |
| Cedar Secondary | Secondary | 3.9 km |
| Qwam Qwum Stuwixwulh Community School | Elementary | 4.5 km |
| North Oyster Elementary | Elementary | 7.5 km |
| Gabriola Elementary | Elementary | 7.7 km |
| Chase River Elementary | Elementary | 8.1 km |
| Cinnabar Valley Elementary | Elementary | 8.4 km |
| Fulford Community Elementary | Elementary | 9.2 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Parks (1)
- Fawcett Road Community Park · 1625 Fawcett Road678 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
Similar Listings Nearby
No similar listings found nearby right now.
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($2,650,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.