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3 - 4180 Island Highway
Nanaimo, BC
Canada V9T 1W6
Details
Address | 5655/5657 Metral Dr |
Area | Nanaimo |
Sub Area | Pleasant Valley |
State/Province | British Columbia |
Country | Canada |
Price | $1,699,500 |
Property Type | Full Duplex |
Bedrooms | 4 |
Bathrooms | 2 |
Floor Space | 2138 Square Feet |
Lot Size | 22050.00 Square Feet |
Waterfront | No |
Year Built | 1968 |
Taxes | $5,772 |
Tax Year | 2023 |
MLS® # | 959853 |
*LAND ASSEMBLY, MUST BE SOLD WITH 5645 METRAL DRIVE* Each property priced individually. 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 and data are approximate and should be verified if important.
Listed by RE/MAX OF NANAIMO
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