3375 OPAL ROAD
Vancouver Island · V9T2V6
$2,145,000
About this residence
This exceptional 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 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 Nanaimo’s most sought-after areas. Existing on the property is a 3-bedroom 1 bath home. Land Assembly totaling 4.9 acres available, Detailed Information package available on request. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Multi-Family
- Ownership
- Freehold
- Lot size
- 1.6
- Annual tax
- $6,094
- MLS®
- 1021663
- Board
- Vancouver Island
- Status
- Inactive
- Listed
- Dec 6, 2025
- Updated
- Dec 22, 2025
Features & finishes
Lot
- Acreage
- Wooded area
- Other
Financing
Estimated monthly payment
$10,032/mo
Loan amount
$1,716,000
Down payment
$429,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Vancouver Island
About the area
Census · V9T- 36,952
- Population
- 46
- Median age
- $84,000
- Median income
- $645,000
- Median home value
- 76%
- Home ownership
- 20 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 3375 OPAL ROAD?
3375 OPAL ROAD is listed for $2,145,000, in Vancouver Island.
What type of home is 3375 OPAL ROAD?
3375 OPAL ROAD is a Multi-family, Multi-Family.
How large is 3375 OPAL ROAD?
The home offers a lot measuring 1.6.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $10,032. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $6,094 per year.
What is the Vancouver Island area like?
Vancouver Island has a population of about 36,952, a median age of 46, a 76% home-ownership rate, with an average commute of about 20 minutes.
What is the average home value in Vancouver Island?
The median dwelling value in this area is approximately $645,000, based on census data via Neighbourly.
What is the median household income in Vancouver Island?
The median household income in this area is approximately $84,000.
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Comparable Multi-Family near Vancouver Island at a similar price.
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