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$2,145,000

Nanaimo BC, V9T 2V6

MLS® # 1021665

Property Information:

Excellent 1.7-acre (6879 m² / 74052 sq ft) development opportunity is located on a quiet road in Nanaimo’s desirable Uplands neighbourhood, a community known for its natural beauty & predominantly single-family homes. Zoned R1 (Single Dwelling Residential), the property supports low-density residential development with minimum lot sizes of 500 m² (5,382 sq ft) for standard single-family lots or 450 m² (4,844 sq ft) for lane-access parcels. Under the OCP, the property is designated “Suburban Neighbourhood,” an area oriented toward low-rise residential development with a target density of 25 units per hectare. Typical supported building forms include single-family homes, duplexes, triplexes, fourplexes & townhomes. The property offers approx. 35.01 m (115 ft) of frontage and an average depth of 127.45 m (4,418 ft), providing excellent flexibility for subdivision or multi-unit planning. Great holding property with an existing decent sized 4-bedroom 2-bath home.

Property Features:

  • Annual Tax Amount: $6,177
  • Construction Materials: Frame Wood, Stucco & Siding
  • Floor Space (approx): 1970 Square Feet
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter
  • Lot Features: Acreage, Central Location, Easy Access, Irregular Lot, Quiet Area, Serviced, Shopping Nearby, In Wooded Area
  • Lot Frontage: 74052 Square Feet
  • Lot Size: 1.70 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Water Source: Municipal
  • Zoning: R1
  • Sewer:

Courtesy of: REMAX Professionals (NA)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 3383 Opal Rd, Nanaimo, BC, V9T 2V6

Demographic Information of 3383 Opal Rd, Nanaimo, BC, V9T 2V6

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$107,777.88

Average Number of Children

1.73

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.67 %

High school certificate or equivalent

34.35 %

Apprenticeship trade certificate/diploma

10.57 %

College/non-university certificate

18.05 %

University certificate (below bachelor)

2.32 %

University Degree

17.04 %

Commuter

Travel To Work

By Car

91.27 %

By Public Transit

4.42 %

By Walking

2.45 %

By Bicycle

0.24 %

By Other Methods

1.62 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

10.73 %

Houses

89.27 %

Own Vs. Rent