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6084-6088 Metral Dr
Nanaimo, BC V9T 4S1
Land For Sale
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1.61 AC
Investment Highlights
- Residential Corridor One (COR1) zoning supports multifamily residential development.
- Development-ready site with conceptual plans in place.
- Efficient design caters to rental housing demand in Nanaimo.
- Positioned along Metral Drive, near retail, transit, and employment nodes.
Executive Summary
Architectural concept plans contemplate a six-storey multifamily development, designed to balance efficient density with a strong residential unit mix.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 1.61 AC |
| Property Type | Land | ||
| Zoning | COR1 - Residential Corridor | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.61 AC |
| Zoning | COR1 - Residential Corridor |
1 Lot Available
Lot
| Price | $3,950,000 CAD | Lot Size | 1.61 AC |
| Price Per AC | $2,456,414.19 CAD |
| Price | $3,950,000 CAD |
| Price Per AC | $2,456,414.19 CAD |
| Lot Size | 1.61 AC |
Description
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 above ground parking and only 26 stalls underground, offering developers immediate scale, entitlement certainty, and cost savings with minimal excavation.
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