7555 Fernmar Rd
Lantzville, BC V0R2H0
$8,900,000
Property Details
Property & Lot
- Lot size
- 18.5 acres
- Zoning
- Residential
R1
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $3,242
Interior
- Fireplace
- None
Exterior & Lot
- View
- Ocean view
Parking
- Total spaces
- 10
Listing Information
- MLS®
- 1028998
- Listed
- March 16, 2026
- Time on market
- On the market for 168 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Nanaimo Realty LD · Data source: CREA DDF.
Description
Developers & Investors Alert! Rare 18.5-acre development opportunity in the heart of Lantzville, one of Vancouver Island’s most desirable coastal communities. This prime parcel is zoned R1 and offers the potential for 35 residential lots of approximately just under half-acres, many of which may capture ocean views. The property is ideally located beside Winchelsea View Golf Course and just minutes from North Nanaimo’s shopping, beaches, restaurants, and amenities, making it a highly attractive future residential community. The seller currently has an engineer completing a Preliminary Layout Approval (PLA) application with the District of Lantzville, providing a valuable step forward for future development. Under current R1 zoning, the property may allow for 4 doors, multiple dwellings, (buyer to verify development potential and density with the District of Lantzville). A rare opportunity to secure a significant land holding in a sought-after location with strong long-term development potential. All measurements are approximate and should be verified if important. (id:63159)
Location Insights
Weather
Nearest station: Nanaimo
15°C
Partly Cloudy
Humidity 85%
Wind N 2 km/h
Tonight
12°
Tuesday
21°
Tuesday night
14°
Wednesday
16°
Wednesday night
11°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
3,817
(2021 Census)
+5.9% since 2016
Density: 137.9/km²
Dwellings: 1,568
Median household income: $99,000
After-tax: $87,000
Immigrant population: 12.7%
Top countries of origin (% of total population)
- United Kingdom4.5% · 170
- United States of America2.1% · 80
- Germany1% · 40
- Viet Nam0.5% · 20
- Netherlands0.3% · 10
- Poland0.3% · 10
- Iran0.3% · 10
- China0.3% · 10
Source: Statistics Canada, 2021 Census of Population.
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 |
|---|---|---|
| Seaview Elementary | Elementary | 1.9 km |
| Aspengrove School(Independent) | K-12 | 2.6 km |
| Pleasant Valley Elementary | Elementary | 4.2 km |
| McGirr Elementary | Elementary | 4.9 km |
| Dover Bay Secondary | Elementary | 4.9 km |
| Randerson Ridge Elementary | Elementary | 5.5 km |
| Rutherford Elementary | Elementary | 5.8 km |
| Uplands Park Elementary | Elementary | 7.0 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)
- Copley Park · 7471 Andrea Crescent588 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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No similar listings found nearby right now.
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,780,000) — 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.