Cedar homes for sale - #6-3560 Yellow Point Road, Nanaimo | John Cooper, Nanaimo REALTOR ®

#6-3560 Yellow Point Road, Nanaimo

Rare opportunity to own exclusive lowbank waterfront property in spectacular Yellow Point. On the market for the first time in history, this incredibly unique, 2000+ sq.ft. home enjoys grandfathered setbacks that allow unprecedented proximity to the sea. With two massive wraparound decks, this home feels like the bow of a ship, with only water & views of Ruxton, Pylades & Valdez Island as far as the eye can see. A 2-car garage, updated foundation & septic, and a deep fresh water well make life easy. Located on a privately-owned, 8.4 acre estate that includes a communal ramp & dock, boat launch, and a personal mooring buoy for each of the 7 shareholder-occupied homes, there is nothing else like it on the Island. This purchase includes a 1/7th share in the estate, and the exclusive use of this home. 10 small summer, short-term rental cottages and 4 monthly tenanted units that produce enough income to offset property tax for the entire estate, minimizing annual costs. A modest $150/month shareholder fee & minor maintenance and improvements to your own house are the only liabilities. With a spectacular location in a warm water bay, this is an incredibly unique, lucrative opportunity to own waterfront property. (id:3162)

#6-3560 Yellow Point Road

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Drive five minutes south of Nanaimo to Cedar/Yellow Point and feel yourself transported to a different world. This area is the epitome country living. Even the village centre of Cedar speaks of the country life. Its working farms and hobby acreages are picturesque in the extreme. This large area encompasses the unique and pretty enclave of Cedar-by-the-Sea with terraced slopes affording every home a sweeping view of the sea; Cedar Village Centre with its cafés, shops and white steepled village churches; and Yellow Point with its farms and famous landmarks. The Crow and Gate Pub may well be the neighbourhood’s most famous destination – a true English Country Pub set in lush gardens and overlooking a duck pond. The Yellow Point Lodge has been another noteworthy landmark for decades, drawing visitors to its rustic accommodations and spectacular waterfront setting. Cedar/Yellow Point also boasts excellent parks including Hemer Provincial Park with trees that rival the size of almost any on the island. Summers are a favourite in this area with Sunday’s Cedar Farmers Market drawing people from all over the city. The area is also home to dozens of artists and artisans, most welcoming visitors on weekends. Residences range from impressive waterfront contemporary and farmhouse chic to cottage charming. Cedar/Yellow Point has it all.




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