Expansive 16,500 sq ft corner lot in a desirable North Nanaimo community. Designated “Neighbourhood” zoning under Nanaimo’s Official Community Plan, this property aligns with the City’s strategy for higher-density residential development. Sitting along the recently upgraded Metral Dr corridor, the “complete street” design concept, with a focus on transit, could create potential for further increase to density options. Within walking/biking distance to schools, shopping and parks, the property is ideally located to take advantage of recreation and amenities. A legal fourplex currently generates steady rental income from two 3-bedroom and two 2-bedroom suites, providing holding revenue during planning and entitlement. This property offers exceptional opportunity and flexibility to invest in Nanaimo’s evolving housing market. Buyer to verify density, zoning, and building plans with the City of Nanaimo.
Data was last updated April 7, 2026 at 10:05 PM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$686,950
Min list price:
$144,800
Max list price:
$1,059,999
Avg days on market:
33
Min days on market:
6
Max days on market:
85
Avg price per sq.ft.:
$427.94
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. This data is not produced by
the MLS® system.