5296 Metral Dr Nanaimo, British Columbia V9T 2K8
$1,399,900
Development & Investment Alert! Welcome to 5296 Metral Drive. This is the investment opportunity you've been waiting for. This property sits on.54 acres of prime development land centrally located in Nanaimo, close to all amenities. Metral drive just finished an extensive 13 million dollar upgrade to the street and significant services to the area! This property currently brings in $5,000/month in rental income while you're waiting to develop. The official community plan calls for urban corridor zoning, and Nanaimo supports the focus on medium to high-density residential, mixed-use commercial land uses in Corridor areas. The Currents renderings show an 8 Unit townhouse complex or a 24-27 unit Condo building as suitable to be put on the property. All measurements are approximate buyers to verify if important. (id:16027)
Property Details
| MLS® Number | 923318 |
| Property Type | Single Family |
| Neigbourhood | Pleasant Valley |
| Features | Central Location, Other, Pie |
| Parking Space Total | 8 |
| Plan | Vip20202 |
| Structure | Shed, Workshop |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 4 |
| Appliances | Refrigerator, Stove, Washer, Dryer |
| Constructed Date | 1968 |
| Cooling Type | None |
| Fireplace Present | Yes |
| Fireplace Total | 2 |
| Heating Fuel | Oil, Electric, Wood, Other |
| Heating Type | Baseboard Heaters, Forced Air |
| Size Interior | 2549.65 Sqft |
| Total Finished Area | 2516.65 Sqft |
| Type | House |
Land
| Access Type | Road Access |
| Acreage | No |
| Size Irregular | 0.54 |
| Size Total | 0.54 Ac |
| Size Total Text | 0.54 Ac |
| Zoning Description | R1 |
| Zoning Type | Residential |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Storage | 5'4 x 6'2 | ||
| Lower Level | Recreation Room | 34'6 x 18'1 | ||
| Lower Level | Bedroom | 13'1 x 10'8 | ||
| Lower Level | Wine Cellar | 8'6 x 5'3 | ||
| Lower Level | Bathroom | 8'5 x 6'5 | ||
| Main Level | Primary Bedroom | 14'11 x 13'0 | ||
| Main Level | Living Room | 20'8 x 18'9 | ||
| Main Level | Kitchen | 11'10 x 14'11 | ||
| Main Level | Dining Room | 10'0 x 9'4 | ||
| Main Level | Bedroom | 10'3 x 9'7 | ||
| Main Level | Bedroom | 10'2 x 11'8 | ||
| Main Level | Bathroom | 7'1 x 7'9 | ||
| Main Level | Ensuite | 5'1 x 5'0 | ||
| Other | Workshop | 29'0 x 40'0 | ||
| Additional Accommodation | Kitchen | 13'1 x 17'2 |
https://www.realtor.ca/real-estate/25276702/5296-metral-dr-nanaimo-pleasant-valley
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September 07 2023 09:45:22
Victoria Real Estate Board
Real Broker B.c. Ltd.