3379 Opal Rd

Key facts

• Property type: Multi-family
• Transaction: For Sale
• Price: class="container" id="details-container",980,000
• Interior size: 2,878 sqft
• Lot size: 1.6
• Listing key: 29395930

Listing overview

Rare opportunity - 1.6-acre (6,475 m² / 69,696 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 37 m (121 ft) of frontage and...