5655/5657 Metral Dr, Nanaimo, BC


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About 5655/5657 Metral Dr

*LAND ASSEMBLY, MUST BE SOLD WITH 5645 METRAL DRIVE* Recently rezoned by seller from R4 to R6. Prime development location in a highly desirable area. Both sides are currently rented for $1800 per month each. The current R6 Low Density Residential zoning will allow for a mixture of low density townhouse-form multiple family developments compatible with the residential areas of the community. Initial architectural drawings are for 22 townhomes in three configurations. Development permit in process with expected completion in spring 2024. This location is close to all amenities and schools of North and Central Nanaimo. The duplex is in good living condition with several upgrades and will provide revenue while you plan your development. Buyer to conduct their own due diligence with the City of Nanaimo to any potential land use or development. Measurements are approximate and should be verified if important.

Basic Information

MLS® # 947266
Price $1,899,500
Sub-Type Full Duplex
Year Built 1968
Beds 4
Baths 2.00
Kitchens 2
Interior SqFt 2,138
Lot Size 0.51 Acres

Location Information

Address 5655/5657 Metral Dr
Postal Code V9T 2L4
Area Nanaimo
Sub Area Pleasant Valley
Jurisdiction City of Nanaimo
PID Number 000-650-889
Waterfront? No

Features & Amenities

Water Municipal
Sewer Sewer Connected
Heating Baseboard, Electric
Cooling None
Foundation Details Slab
Property Condition Resale
Laundry In House, In Unit
Parking Driveway, RV Access/Parking

Additional Information

Pet Policy Aquariums, Birds, Caged Mammals, Cats, Dogs
Rental Policy Unrestricted
Agricultural Land Reserve (ALR)? No
Lot Features Central Location, Easy Access, Family-Oriented Neighbourhood, Landscaped, Level, Park Setting, Private, Quiet Area, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk, Southern Exposure

Listing Details

OfficeRE/MAX of Nanaimo

Listing Map