5280 Metral Dr new Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9T 2K8
Key Details
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,460 sqft
Price per Sqft $451
MLS Listing ID 997107
Style Split Level
Bedrooms 2
Rental Info Unrestricted
Year Built 1968
Annual Tax Amount $4,025
Tax Year 2024
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Single Family Detached
Property Description
Development Opportunity – COR1 Zoning in North Nanaimo. Prime redevelopment opportunity on Metral Drive where City has upgraded services/roads and is supportive of high density construction. This level, fully serviced lot is zoned COR1, currently allowing for multifamily residential, professional office, and limited commercial use. The property offers excellent frontage, easy access, and is ideally suited for rezoning to suit low- to mid-rise development (3–6 storeys) with surface parking. Located near major retail amenities including Nanaimo North Town Centre & Superstore, the site is part of a designated growth corridor supported by the Official Community Plan, which encourages higher-density and mixed-use projects in this area. With strong demand for multifamily housing and local incentives for “missing middle” developments, this is a compelling opportunity for developers & investors. Estimated potential yield of 12–14 units.
All measurement approx. Value in land. As is where is.
Location
Province BC
County Nanaimo, City Of
Area Nanaimo
Zoning COR1
Rooms
Basement Full,Walk-Out Access
Main Level Bedrooms 2
Kitchen 1
Interior
Heating Forced Air,Oil
Cooling None
Flooring Mixed
Fireplaces Number 1
Fireplaces Type Living Room
Fireplace Yes
Window Features Aluminum Frames
Appliance F/S/W/D
Heat Source Forced Air,Oil
Laundry In House
Exterior
Exterior Feature Fenced,Fencing: Partial
Parking Features Carport,Driveway
Carport Spaces 1
Utilities Available Compost,Electricity To Lot,Garbage,Natural Gas Available,Recycling
Roof Type Asphalt Shingle
Total Parking Spaces 2
Building
Lot Description Central Location,Curb & Gutter,Easy Access,Family-Oriented Neighbourhood,Level,Rectangular Lot,Serviced,Shopping Nearby,Sidewalk,Southern Exposure
Building Description Frame Wood,Stucco, Basement,Transit Nearby
Faces Southwest
Foundation Slab
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood,Stucco
Others
Pets Allowed Yes
Restrictions None
Tax ID 003-534-022
Ownership Freehold
Acceptable Financing Must Be Paid Off
Listing Terms Must Be Paid Off
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs
Virtual Tour https://youtu.be/Wb7RjnZNzeo