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. All data and measurements are approximate, please verify. (id:62865)