A rare opportunity to acquire a high-exposure 20,850 SF property in north Nanaimo, offering significant redevelopment potential. The property features approximately 140 feet of frontage along Metral Drive, a major arterial road with high traffic volumes and excellent visibility, with 18,832vehicles passing by each day. It is ideally located adjacent to both the Real Canadian Superstore and Metral Station, and within walking distance to a wide range of amenities, services, and businesses along Metral Drive, the Island Highway North, and Aulds Road/Hammond Bay Road. The current owner has prepared conceptual plans for a four-story, 16,130 SF building featuring commercial office space on the first and second floors, residential units on the third and fourth floors, and a total of 31 parking stalls. This is a prime development opportunity in one of Nanaimo's fastest-growing corridors, with excellent visibility, strong surrounding anchors, and walkable access to major amenities
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Listing General Location:
Na Pleasant Valley, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
20,850 sq. ft.1,937 m2
Taxes:
$24,466.9 /
2024
Commercial Area:
Not Applicable
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
1281000.0
Assessment year:
2025
Jurisdiction name:
City of Nanaimo
Legal Description:
LOT A, PLAN VIP24321, SECTION 12, WELLINGTON LAND DISTRICT
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Listed by Colliers International (Nan)
Data was last updated July 26, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
105
Avg list price:
$1,050,000
Min list price:
$19,900
Max list price:
$24,517,000
Avg days on market:
73
Min days on market:
1
Max days on market:
457
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations. This data is not produced by the MLS® system.