5280 Metral Dr new Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9T2K8
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,460 sqft
Price per Sqft $451
Subdivision Pleasant Valley
MLS Listing ID 997107
Bedrooms 2
Originating Board Vancouver Island Real Estate Board
Year Built 1968
Lot Size 10,400 Sqft
Acres 10400.0
Property Sub-Type Freehold
Property Description
Development Land for Sale – Prime COR1 Zoned Property on Metral Drive, Nanaimo This rare development opportunity in North Nanaimo offers a level, fully serviced lot with COR1 zoning, allowing for multifamily residential, professional office, and limited commercial uses. With generous frontage on Metral Drive and easy road access, the property is well-suited for low- to mid-rise development (3–6 storeys) and surface parking—no underground structure required. Strategically located near major retail amenities such as Nanaimo North Town Centre and Superstore, the site benefits from strong transit connections and is part of a growing corridor identified for infill and higher-density housing by the Official Community Plan (OCP). Nanaimo continues to experience strong demand for multifamily housing, driven by population growth and affordability factors compared to larger cities. The City and Province have introduced incentives for “missing middle” housing, making this an ideal time to invest in a high-potential property. With an estimated buildout of 12–14 units, this is a compelling real estate investment opportunity for developers seeking a well-located, versatile site in one of Vancouver Island's most desirable markets. Contact Hacey Jeong from Team Invest West 250-739-5678 today for a full info package or to arrange a site tour. www.TeamInvestWest.com (id:24570)
Location
Province BC
Zoning Residential/Commercial
Rooms
Kitchen 1.0
Extra Room 1 Lower level 6' x 8' Bathroom
Extra Room 2 Lower level Measurements not available x 19 ft Family room
Extra Room 3 Main level 7' x 10' Kitchen
Extra Room 4 Main level 9'6 x 11'6 Living room/Dining room
Extra Room 5 Main level 17 ft x Measurements not available Living room
Extra Room 6 Main level 8' x 7' Bathroom
Interior
Heating Forced air,
Cooling None
Fireplaces Number 1
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 2
Private Pool No
Others
Ownership Freehold
Virtual Tour https://youtu.be/Wb7RjnZNzeo