*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:47423)
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Detailed Information
Bedrooms
3
Bathrooms
2
Total Area
1,420 ft2
Features
Central location, Level lot, Park setting, Southern exposure, Other
Listing Contract Date
2024-04-09
Municipal ID
003-815-111
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Single Family
Transaction Type
For sale
Zoning Description
R6
Zoning
Residential
Building
Constructed Date
1970
Cooling Type
Fully air conditioned
Fireplace Present
Yes
# of Fireplaces
1
Heating Fuel
Natural gas
Heating Type
Forced air
Total Finished Area
1420 sqft
Type
House
Rooms
Room
Level
Dimensions
Notes
Primary Bedroom
Second level
12'2 x 11'1
Bedroom
Second level
11'1 x 9'2
Bathroom
Second level
4-Piece
Bathroom
Lower level
2-Piece
Wine Cellar
Lower level
13 ft x 10 ft
Laundry room
Lower level
8'11 x 12'10
Bedroom
Lower level
12'11 x 9'3
Living room
Main level
19'7 x 12'3
Living room
Main level
20 ft x 112 ft
Kitchen
Main level
13'4 x 9'5
Dining room
Main level
12 ft x 7 ft
Dining room
Main level
12'5 x 6'4
Land
Total Size
0.5 acres
Size of Irregular Land
0.5
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