About 5557 Big Bear Ridge
Development site in the heart of Pleasant Valley: an 18,000 sq ft (0.41 acre) R5-zoned lot with municipal water and sewer already connected. Under Nanaimo's small-scale multi-unit housing zoning, R5 allows up to four dwelling units on a lot this size, from a fourplex or triplex to two detached homes with suites, with no maximum floor area ratio. The extra-deep lot steps down from the road beneath mature trees, suiting a terraced or walk-out design, or one substantial new home with a large private yard. A three-bedroom manufactured home sits on the site today; the value here is in the land. Quiet ridge road close to shopping, transit and the Nanaimo Parkway. Ideal for developers planning a fourplex, triplex or duplex; individuals with a dream of designing and building their own home; or buyers seeking an affordable entry onto a large lot with the option to build later. Buyer to verify zoning with the City of Nanaimo. Measurement is approximate.
Basic Information
| Price | $549,999 |
|---|---|
| MLS® # | 1047925 |
| Sub-Type | Single Family Detached |
| Year Built | 1976 |
| Beds | 3 |
| Baths | 3.00 |
| Ensuites | 1 |
| Kitchens | 1 |
| Building SqFt | 1,402 |
| Lot Size | 0.41 Acres |
Location Information
| Address | 5557 Big Bear Ridge |
|---|---|
| Postal Code | V9T 2K3 |
| Area | Nanaimo |
| Sub Area | Pleasant Valley |
| Jurisdiction | City of Nanaimo |
| PID Number | 003-247-970 |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer Connected |
| Heating | Baseboard, Electric, Heat Pump |
| Cooling | Air Conditioning |
| Foundation Details | Other |
| Property Condition | Resale |
| Laundry | In House |
| Parking | Garage, Open |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
Listing Details
| Office | eXp Realty (NA) |
|---|