5645 Metral Dr, Nanaimo, BC

$1,449,000

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3

Beds

2

Baths

1,420

Square feet

0.50

Acres

About 5645 Metral Dr

*LAND ASSEMBLY, MUST BE SOLD WITH 5655/5657 METRAL DRIVE* Both properties priced individually. Recently rezoned by seller from R1 to R6. Prime development location in a highly desirable area. Home currently rented for $2600 per month. 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 home is in good living condition and will provide revenue while you plan your development. Buyer to conduct their own due diligence with the City of Nanaimo as to any potential land use or development. Measurements and data are approximate and should be verified if important.

Basic Information

Price $1,449,000
MLS® # 959473
Sub-Type Single Family Detached
Year Built 1970
Beds 3
Baths 2.00
Kitchens 1
Interior SqFt 1,420
Lot Size 0.50 Acres

Location Information

Address 5645 Metral Dr
Postal Code V9T 2L4
Area Nanaimo
Sub Area Pleasant Valley
Jurisdiction City of Nanaimo
PID Number 003-815-111
Waterfront? No

Features & Amenities

Water Municipal
Sewer Sewer To Lot
Heating Forced Air, Natural Gas
Cooling HVAC
Foundation Details Slab
Property Condition Updated/Remodeled
Laundry In House
Parking Carport, Garage, RV Access/Parking

Additional Information

Pet Policy Aquariums, Birds, Cats, Caged Mammals, Dogs
Rental Policy Unrestricted
Agricultural Land Reserve (ALR)? No
Lot Features Central Location, Level, Landscaped, Park Setting, Recreation Nearby, Southern Exposure

Listing Details

OfficeRE/MAX of Nanaimo

Listing Map