
3375 Opal Rd
$1,980,000
Uplands
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About this home
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:65179)
Property details
From the listing's public record.
Lot size
1.60 acres
Year built
1966
Taxes
$6,094/yr
Zoning
Residential
Heating
Lot
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Mar 5, 2026
Listed $1,980,000
Active116 days on marketMLS 1027921Mar 5, 2026
Listed $1,980,000
Active116 days on marketMLS 1027911Dec 4, 2025
Listed $2,145,000
Cancelled91 days on marketMLS 1021610
How this listing compares
Based on 65 sales in UplandsMedian sold
$740,000
Avg days on market
39 days
Avg sale-to-list
99%
Avg $/sqft
$381
Price per square foot
Above area average
Current market in Uplands
Active (same type)
21
Pending
9
All active listings
66
Months of supply
3.9
Seller's market — 3.9 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$906,000
Land
$664,000
Improvements
$242,000
Homes in Nanaimo sell at 103.3% of assessed value on average.
Based on 1116 recent sales.
Local price trend
How Uplands has moved over the last decade.
Local price index (normalized) · 119 months
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Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.