Excellent 1.7-acre (6,879 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 and 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 Official Community Plan, 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, and townhomes, and given the size of the site, it could accommodate approximately 25 units. The property offers approximately 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. Gently sloping to the southeast, the land is serviced at Opal Road with water, sewer, and storm connections. Ideally situated close to schools, parks, shopping, and all major amenities, this property presents an outstanding opportunity for builders, developers, or investors looking to create a well-designed residential enclave in one of Nanaimo’s most sought-after areas. Great holding property with an existing decent sized 4-bedroom 2-bath home, carport with attached shop, garden shed, and open air 3 car carport. Detailed Information package available on request.
Address
3383 Opal Rd
List Price
$2,145,000
Property Type
Commercial Sale
Type of Dwelling
Multi Family
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Uplands
Lot Size
74052 Sq. Ft.
Lot Size (Acres)
1.7 Ac.
MLS® Number
1021665
Listing Brokerage
REMAX Professionals (NA)
Postal Code
V9T 2V6
Tax Amount
$6,177.00
Tax Year
2025
Features
Mixed
Amenities
Acreage, Central Location, Easy Access, Irregular Lot, Quiet Area, Serviced, Shopping Nearby, In Wooded Area