5675 Metral Dr, Nanaimo | $1,050,000

Set on a 26190sf (.6 acre) lot in the heart of Metral Drive, this property offers so much including development possibilities under the Official Community Plan, with R5 zoning currently. The home has been in the same family for 3+ decades and reflects many upgrades including a large deck off the dining room which drinks up the sunshine. The home offers 2688sf on two levels including a main level with 3 bedrooms, large living room, updated kitchen and adjoining dining room. A large sun room and laundry area complement this space. The lower level offers two more bedrooms plus an incredible work space for aesthetics business. This includes 3 studio rooms, flex space, and two bathrooms. A 19'x9' storage is accessible from the lower level plus two more large outdoor storage areas under each deck. The development opportunity is significant: the OCP supports increased density under Neighbourhood Designation. This permits approx. 14 units of multifamily. Other options are room for a carriage house and/or shop. The property is flat and accessible with road upgrades as part of the 'Complete Road' plans from City of Nanaimo. All measurements are approximate and should be verified if important.

Description

Set on a 26190sf (.6 acre) lot in the heart of Metral Drive, this property offers so much including development possibilities under the Official Community Plan, with R5 zoning currently. The home has been in the same family for 3+ decades and reflects many upgrades including a large deck off the dining room which drinks up the sunshine. The home offers 2688sf on two levels including a main level with 3 bedrooms, large living room, updated kitchen and adjoining dining room. A large sun room and laundry area complement this space. The lower level offers two more bedrooms plus an incredible work space for aesthetics business. This includes 3 studio rooms, flex space, and two bathrooms. A 19'x9' storage is accessible from the lower level plus two more large outdoor storage areas under each deck. The development opportunity is significant: the OCP supports increased density under Neighbourhood Designation. This permits approx. 14 units of multifamily. Other options are room for a carriage house and/or shop. The property is flat and accessible with road upgrades as part of the 'Complete Road' plans from City of Nanaimo. All measurements are approximate and should be verified if important.

General Info


MLS Listing ID: 971650 Bedrooms: 5 Bathrooms: 3 Year Built: 1969
Parking: Open Heating: Forced air Lotsize: 0.6 ac Air Conditioning : None

Amenities/Features


  • Central location
  • Level lot
  • Other

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .