Lot 3 Balsam Rd

About this home

Outstanding opportunity to acquire 2.62 acres of prime Light Industrial (LI-1) zoned land in the highly sought-after Mid-Island region. This level, usable parcel is ideally suited for a wide range of industrial and commercial applications and offers excellent potential for future development. Strategically located in South Nanaimo’s established industrial area near the end of Balsam Road, the property provides convenient access to major transportation routes, including the Island Highway for efficient north and southbound travel. It is also ideally situated near the Nanaimo Duke Point Ferry Terminal and the Downtown Nanaimo Port, making it well-suited for logistics, warehousing, or distribution operations. This is an outstanding opportunity to secure industrial land in a growing and well-connected location. Contact us today for a full information package or to arrange a private tour. Plus GST. (id:65179)

Property details

From the listing's public record.

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

1. Jun 15, 2026

   Listed $3,930,000

   Active14 days on marketMLS 1040432

Current market in Cedar

Balanced market — 5.8 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.

• 1694 Gerrand Rd

  $1,060,000

  4 bd · 3 ba · 2,290 sqft · $463/sqft · 45 days on market

  Sold Jun 29, 2026 · 96.5% of list

• 1965 Emma Way

  $987,000

  4 bd · 2 ba · 2,210 sqft · $447/sqft · 18 days on market

  Sold Jun 25, 2026 · 99.2% of list

• 1646 Janes Rd

  $650,000

  4 bd · 3 ba · 2,258 sqft · $288/sqft · 16 days on market

  Sold Jun 25, 2026 · 97% of list

• 1940 Woodridge Rd

  $890,715

  4 bd · 3 ba · 1,767 sqft · $504/sqft · 30 days on market

  Sold Jun 24, 2026 · 99% of list

• 1441 White Rd

  $775,000

  5 bd · 2 ba · 2,352 sqft · $330/sqft · 18 days on market

  Sold Jun 22, 2026 · 95.8% of list

• 1817 Meadowlark Cres

  $635,000

  3 bd · 1 ba · 1,363 sqft · $466/sqft · 16 days on market

  Sold Jun 18, 2026 · 97.7% of list

• 2031 Waring Rd

  $625,000

  2 bd · 2 ba · 1,737 sqft · $360/sqft · 141 days on market

  Sold Jun 18, 2026 · 92.6% of list

• 3217 Hewstone Rd

  $886,283

  3 bd · 3 ba · 2,466 sqft · $359/sqft · 28 days on market

  Sold Jun 18, 2026 · 95.8% of list

• 2042 Cedar Rd

  $815,000

  3 bd · 2 ba · 1,752 sqft · $465/sqft · 20 days on market

  Sold Jun 15, 2026 · 97% of list

• 1443 Fiddick Cres

  $998,000

  5 bd · 3 ba · 2,468 sqft · $404/sqft · 10 days on market

  Sold Jun 11, 2026 · 100% of list

• 3281 Mcguire Way

  $1,950,000

  5 bd · 5 ba · 8,657 sqft · $225/sqft · 173 days on market

  Sold Jun 8, 2026 · 94% of list

• 2339 Gould Rd

  $725,000

  3 bd · 2 ba · 1,469 sqft · $494/sqft · 37 days on market

  Sold Jun 4, 2026 · 98% of list

More on this listing