Introducing an exceptional and rare opportunity to acquire a one of a kind 120 acre oceanfront estate, with the seller open to accommodating a vendor take-back financing option, strata titled and seamlessly connected to the sought after Cedar by the Sea area in South Nanaimo. 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 sale including all five 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.
Address
2980 Lofthouse Rd
List Price
$13,500,000
Property Type
Residential
Type of Dwelling
Other
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Cedar
Bedrooms
14
Bathrooms
9
Floor Area
9,735 Sq. Ft.
Lot Size
5227200 Ac.
Lot Size (Acres)
120 Ac.
MLS® Number
1017617
Listing Brokerage
Engel & Volkers Vancouver Island North
Postal Code
V9X 1N6
Tax Amount
$16,446.00
Tax Year
2025
Features
Other
Amenities
Acreage, No Through Road, Pasture, Private, Quiet Area, Rectangular Lot, Rural Setting, Southern Exposure, Walk on Waterfront, See Remarks
