5655/5657 Metral Dr
Metral Dr, Rutherford-Pleasant Valley, Nanaimo, BC, V9T 2L4
Quick Summary
Quick Summary
- Prime development location in a desirable area.
- Recently rezoned to R6 for low density townhomes.
- Initial plans for 22 townhomes, permit in process.
- Expected development permit completion in spring 2024.
- Close to amenities and schools in Nanaimo.
- Duplex provides revenue during planning phase.
- Both units currently rented at $1800/month.
- Duplex in good condition with several upgrades.
*LAND ASSEMBLY, MUST BE SOLD WITH 5645 METRAL DRIVE* Each property priced individually. Recently rezoned by seller from R4 to R6. Prime development location in a highly desirable area. Both sides are currently rented for $1800 per month each. The current R6 Low Density Residential zoning will allow for a mixture of low density... Show More
*LAND ASSEMBLY, MUST BE SOLD WITH 5645 METRAL DRIVE* Each property priced individually. Recently rezoned by seller from R4 to R6. Prime development location in a highly desirable area. Both sides are currently rented for $1800 per month each. 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 duplex is in good living condition with several upgrades and will provide revenue while you plan your development. Buyer to conduct their own due diligence with the City of Nanaimo to any potential land use or development. Measurements and data are approximate and should be verified if important. (id:54626)
Property Details
Size
Parking
Build
Heating & Cooling
Rooms
Bathroom
Bathroom
Laundry room
5′ x 10′7″
Bedroom
9′ x 10′11″
Primary Bedroom
10′3″ x 11′6″
Kitchen
7′8″ x 13′1″
Dining room
10′5″ x 14′3″
Ownership Details
Ownership
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