Rare opportunity - 1.6-acre (6,475 m² / 69,696 sq ft) development opportunity is located on a quiet road in Nanaimoâs 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 âSuburban Neighbourhood,â 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 37 m (121 ft) of frontage and an average depth of 135 m (444 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 Nanaimoâs most sought-after areas. Existing on the property is a beautiful updated home offering approx. 2900 sq ft of living space with a total of 4 bedrooms ( 2 up and 2 down) and 4 bathrooms, spacious main floor with open concept design, cozy living room, huge dining room that leads to the large private deck, and an additional family room, downstairs is equipped with 2 bedrooms, bathroom, rec room, and an in-law suite which is wheelchair friendly. Also, the property offers a workshop with 338 sq ft. This is a great holding property! Land Assembly totaling 4.9 acres available. Detailed Information package available on request. (id:27476)
