5296 Metral Dr, Nanaimo, BC

$1,599,000

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4

Beds

3

Baths

2,517

Square feet

0.54

Acres

About 5296 Metral Dr

Development & Investment Alert! Welcome to 5296 Metral Drive. This is the investment opportunity you've been waiting for. This property sits on.54 acres of prime development land centrally located in Nanaimo, close to all amenities. Metral drive just finished an extensive 13 million dollar upgrade to the street and significant services to the area! This property currently brings in $5,000/month in rental income while you're waiting to develop. The official community plan calls for urban corridor zoning, and Nanaimo supports the focus on medium to high-density residential, mixed-use commercial land uses in Corridor areas. The Currents renderings show an 8 Unit townhouse complex or a 24-27 unit Condo building as suitable to be put on the property. All measurements are approximate buyers to verify if important.

Basic Information

MLS® # 921325
Price $1,599,000
Sub-Type Single Family Detached
Year Built 1968
Beds 4
Baths 3.00
Ensuites 1
Kitchens 2
Interior SqFt 2,550
Lot Size 0.54 Acres

Location Information

Address 5296 Metral Dr
Postal Code V9T 2K8
Area Nanaimo
Sub Area Pleasant Valley
Jurisdiction City of Nanaimo
PID Number 003-524-167
Waterfront? No

Features & Amenities

Water Municipal
Sewer Sewer Connected
Heating Baseboard, Electric, Forced Air, Mixed, Oil, Wood
Cooling None
Foundation Details Block, Slab
Property Condition Resale
Laundry In House
Parking Additional, Attached, Carport, Driveway

Additional Information

Pet Policy Aquariums, Birds, Caged Mammals, Cats, Dogs
Rental Policy Unrestricted
Agricultural Land Reserve (ALR)? No
Lot Features Shopping Nearby, Central Location, Easy Access, Pie Shaped Lot

Listing Details

OfficeeXp Realty

Listing Map