I have sold a property at 5654/5656 Metral Dr in Nanaimo on Nov 1, 2023. See details here
Excellent investment opportunity to own a full duplex on a large flat lot with sub-dividable potential in the North end of Nanaimo. This would be a great holding property with cash flow while you investigate future development potential or opportunity to live with your family in two separate homes. The city has just spent millions on recent improvements such as bike lanes, boulevards, and new pavement. Recent upgrades (2017) to the duplex include roof, siding, windows, doors, flooring, kitchen cabinets, bathtubs, hot water tanks and all six appliances in both sides. The large lot (16,150 sq ft/.37 acres) is flat, backs on to a park and is located within the Corridors and Commercial Center of the City of Nanaimo’s Official Community Master Plan. Buyer to do their own due diligence with City of Nanaimo regarding development. Lots of room for RV’s, boats, and other toys. Currently tenanted on a month-to-month basis. Subdivision and development possibilities to be confirmed with the city.