Property Details

Address

3383 Opal Rd, Nanaimo, BC

Price

$1,850,000

Property Description

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 (418 ft), providing flexibility for subdivision or multi-unit planning. Great holding property with an existing decent sized 4-bedroom 2-bath home. Land Assembly of 4.9 acres available.