5645 Metral Dr, NANAIMO

2024-04-09
 

Quick Summary

Location
5645 Metral Dr, NANAIMO, British Columbia V9T2L4
Price
$1,449,000 CAD
Status:
For Sale
Property Type:
Single Family
Area:
1420ft2
Bedrooms:
3
Bathrooms:
2
Year of Construction:
1970

MLS®#959473

Property Description

*LAND ASSEMBLY, MUST BE SOLD WITH 5655/5657 METRAL DRIVE* Both properties priced individually. Recently rezoned by seller from R1 to R6. Prime development location in a highly desirable area. Home currently rented for $2600 per month. 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 home is in good living condition and will provide revenue while you plan your development. Buyer to conduct their own due diligence with the City of Nanaimo as to any potential land use or development. Measurements and data are approximate and should be verified if important. (id:32467)

Property Features

Building

  • Cooling Type: Fully air conditioned
  • Fireplace: Yes
  • Interior Size: 1420 sqft
  • Building Type: House

Features

  • Feature: Central location, Level lot, Park setting, Southern exposure, Other

Land

  • Land Size: 0.5 ac

Ownership

  • Type: Freehold

Zoning

  • Description: R6

Information entered by RE/MAX of Nanaimo
Listing information last updated on: 2024-05-14 03:22:28


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$500,000

Your One Percent Realty Commission savings

$500,000

Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.

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