2980 Lofthouse Rd

About this home

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:65179)

Property details

From the listing's public record.

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

1. Jul 2, 2026

   Listed $13,250,000

   ActiveMLS 1041982

2. Jul 2, 2026

   Listed $13,250,000

   ActiveMLS 1041947

3. Jan 21, 2026

   Listed $13,500,000

   Ddf_delisted156 days on marketMLS 1023674

4. Jan 21, 2026

   Listed $13,500,000

   Ddf_delisted156 days on marketMLS 1023667

5. Oct 29, 2025

   Listed $13,500,000

   Cancelled79 days on marketMLS 1017617

Current market in Nanaimo

Buyer's market — 9.2 months of supply at the current sales pace.

Assessment

From publicly available property records.

Local price trend

How Cedar has moved over the last decade.

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  $485,000

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  Sold Jul 2, 2026 · 98% of list

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  $407,500

  2 bd · 2 ba · 1,019 sqft · $400/sqft · 80 days on market

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  $512,000

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  Sold Jun 30, 2026 · 102.4% of list

• 308-2815 Departure Bay Rd

  $312,000

  1 bd · 1 ba · 647 sqft · $482/sqft · 64 days on market

  Sold Jun 30, 2026 · 97.5% of list

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  $375,000

  2 bd · 2 ba · 990 sqft · $379/sqft · 14 days on market

  Sold Jun 25, 2026 · 100% of list

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  $299,500

  1 bd · 1 ba · 699 sqft · $428/sqft · 118 days on market

  Sold Jun 25, 2026 · 95.2% of list

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  $405,000

  2 bd · 2 ba · 969 sqft · $418/sqft · 34 days on market

  Sold Jun 25, 2026 · 97.6% of list

• 213-1633 Dufferin Cres

  $420,000

  2 bd · 2 ba · 1,127 sqft · $373/sqft · 26 days on market

  Sold Jun 24, 2026 · 97.7% of list

• 201-1629 Townsite Rd

  $434,000

  2 bd · 2 ba · 831 sqft · $522/sqft · 33 days on market

  Sold Jun 23, 2026 · 94.6% of list

• 304-4820 Cedar Ridge Pl

  $395,000

  1 bd · 1 ba · 669 sqft · $590/sqft · 56 days on market

  Sold Jun 22, 2026 · 95.2% of list

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