69 Lake Pl, Nanaimo, BC V9T 5S1
- $899,900
- 4
- BD
- 3
- BA
- 1,937
- SqFt
Courtesy of 460 Realty Inc. (NA)
- List Price
- $899,900
- Status
- ACTIVE
- Bedrooms
- 4
- Sq. Ft
- 1,937
- Acres
- 0.90
- Year Built
- 1972
- Subdivision
- Na Pleasant Valley
Property Description
A compelling North Nanaimo investment opportunity with both holding income and future redevelopment potential. This nearly 1-acre rectangular, gently sloping parcel offers efficient topography & southern exposure; key attributes for practical site planning, natural light, & strong end-product marketability. Located in an established neighbourhood with municipal water, the property offers a land position in a proven area. Zoned R5 and supported by the City of Nanaimo OCP, the site has potential for multi-unit residential development, including building strata or clustered housing (buyer to verify). Two existing dwellings provide revenue while development plans are advanced: Main residence: 1,311 sq ft, 3 bed, 2 bath (de-registered manufactured home) Secondary accommodation: 626 sq ft, 1 bed, 1 bath suite with full kitchen A usable site, income in place & future density potential combine to create a strategic land-hold and development opportunity in North Nanaimo.
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Additional Information
- Style
- Rancher
- Lot Size
- 39,204
- Interior Features
- Workshop
- Lot Features
- View - Mountain, Road - Paved, Acreage, Cul-de-sac, Private Setting, Quiet Area, Recreational, Rural Setting, Shopping Nearby, Southern Exp, Irregular Lot, Sloped, Square Lot
- Fireplaces
- 1
- Fireplace Type
- Pellet Stove, Wood Burning Stove
- Parking Type
- Driveway, Garage, RV Access/Parking
- Heating
- Electric, Heat Pump, Wood, Mixed
- Cooling
- Air Conditioning
- Office Name
- 460 Realty Inc. (NA)
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