5384 Colbourne Dr

5384 Colbourne Dr · Nanaimo, North Nanaimo · Vacant Land · $429,900 · MLS 1033393

Nanaimo, British Columbia · Neighbourhood: North Nanaimo
C$429,900
For sale
5384 Colbourne Dr

5384 Colbourne Dr is located in Nanaimo (North Nanaimo). Property snapshot: Vacant Land, listed at $429,900, MLS 1033393. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 89. Latest recorded list price 429900.00; 1 price ch

List Price: $429,900
MLS: 1033393
Days on Site: 89
Price History: Latest recorded list price 429900.00; 1 price change(s) on file

Local Decision Guide

How should buyers evaluate 5384 Colbourne Dr?

Start by reading this listing in its Nanaimo North Nanaimo context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 5384 Colbourne Dr?

This page shows a list price of $429,900 with MLS 1033393.

What type of home is this Nanaimo, North Nanaimo listing?

The page shows Vacant Land at 5384 Colbourne Dr. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 89 days on market/site. Latest recorded list price 429900.00; 1 price change(s) on file.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

R5-zoned 10,000+ sq ft lot in North Uplands with clear duplex potential and long-term upside. Elevated site with established rock exposure offers a solid building base and natural separation from the street. Ideal for a side-by-side or up/down duplex design that fits today’s sub-$1M product target, while avoiding the added costs and timelines of multi-unit permitting. Located minutes to North Nanaimo amenities, schools, and transit. Servicing at the lot line (buyer to verify). A practical opportunity for builders focused on efficient construction, controlled costs, and achievable resale in a proven neighbourhood. (id:56153)

Property Details

Vacant Land
Building Type
-
Bedrooms
-
Bathrooms
10,834 sf
Lot Area

Transaction: For sale

Status: active

Listing ID: 29653594 (1033393)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$429,900

Lot Area: 10,834 sf

PID: 024-889-377

Days on Site: 89 days

Added to BurnabyHouse: 2026-04-24

Updated on: 2026-05-21 10:02 AM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

No school catchment matches were found for this listing yet.

Nearby Points of Interest

Grocery / Food Access
About 1.1 km away
103-4750 Rutherford Road
About 1.5 km away
Shopping Centres
About 1.2 km away
4750 Rutherford Road
About 1.4 km away
4890 Rutherford Road, Nanaimo

Price History

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View price changes, listing events, and the full timeline.

BC Assessment

Click the button below to check the government assessment, sales history, and nearby market pricing for this property.
BC Assessment Sales History & Nearby Sales

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Last Updated: Thu, 21 May 2026 09:42:42 AM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: Sutton Group-West Coast Realty (Nan)

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