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.
Data was last updated September 30, 2023 at 10:05 PM (UTC)
Area Statistics
Listings on market:
36
Avg list price:
$589,700
Min list price:
$135,000
Max list price:
$1,700,000
Avg days on market:
51
Min days on market:
3
Max days on market:
232
Avg price per sq.ft.:
$417.47
These statistics are generated based on the current listing's property type
and located in
Na Pleasant Valley. Average values are
derived using median calculations.