5296 METRAL NANAIMO

Price: $1,599,000
MLS Number: 921325
Bedrooms: 4
Bathrooms: 3
Square Footage: 2550 Sq Ft
Property Type: Single Family

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.