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This 0 bedroom, 0 bathroom unimproved land is listed for sale at $3,150,000 in Nanaimo, British Columbia. Lot size: 70,132 sq ft (1.61 acres).MLS® #1024882.
C. 61-acre multifamily development site located in one of Nanaimo’s most active growth corridors. Strategically positioned along Metral Drive, the Property benefits from excellent visibility, a strong arterial connection to the Nanaimo Parkway and Island Highway, and proximity to major commercial and retail hubs.
With Residential Corridor One (COR1) zoning in place, the Property has conceptual plans for a six-storey, 118-unit multifamily development with underground parking, offering developers immediate scale and entitlement certainty. Nanaimo continues to experience robust population and employment growth, with demand for purpose-built rental housing significantly outpacing supply. This opportunity aligns with the City of Nanaimo’s long-term planning objectives, encouraging higher-density housing along transit-supported corridors.
Looking for homes for sale in Nanaimo? Browse Nanaimo real estate listings,commercial sale properties, and Vancouver Island homes on IslandSold.com. Part of the Nanaimo area.
Property Type
Unimproved Land
Lot Size
70,132 sq ft(1.61 acres)
Bedrooms
0
Bathrooms
0
Area
Nanaimo
Neighborhood
Pleasant Valley
MLS® Number
#1024882
View comprehensive market analysis for Metral Rd including recent sales, pricing trends, and days on market statistics. Compare this property with other homes on the same street to better understand the local market.
View Metral Rd Market ReportC. 61-acre multifamily development site located in one of Nanaimo’s most active growth corridors. Strategically positioned along Metral Drive, the Property benefits from excellent visibility, a strong arterial connection to the Nanaimo Parkway and Island Highway, and proximity to major commercial and retail hubs.
With Residential Corridor One (COR1) zoning in place, the Property has conceptual plans for a six-storey, 118-unit multifamily development with underground parking, offering developers immediate scale and entitlement certainty. Nanaimo continues to experience robust population and employment growth, with demand for purpose-built rental housing significantly outpacing supply. This opportunity aligns with the City of Nanaimo’s long-term planning objectives, encouraging higher-density housing along transit-supported corridors.

Dallas King
Personal Real Estate Corporation
RE/MAX Generation
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Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$17,250
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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