Courtesy of RE/MAX Of Nanaimo
Excellent development opportunity in north Nanaimo on Vancouver Island in BC. 3.68 acres of fairly level land located in the Pleasant Valley area off of Metral Drive that just underwent a significant upgrade to accommodate the various developments and increased population within the area. The property is improved with 2 homes. The main home was built in 1990 & offers 2,425 sq ft with a total of 3 beds, 3 baths, den & hobby room. The 2nd home is the original home that offers 1,934 sq ft with 1 bed plus 2 dens & 1 bath. The property is currently zoned Residential 1 however is within a commercial & residential neighborhood that is transitioning to a mix of low to high density multi-family developments & could support a density range of 74-223 units. Under the City of Nanaimo Official Community Plan (OCP) the property is designated “Corridor” which is designated to support higher density land uses including medium to high density residential as well as mixed commercial use.
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