About 69 Lake Pl
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.
Basic Information
| Price | $899,900 |
|---|---|
| MLS® # | 1050567 |
| Sub-Type | Manufactured Home |
| Year Built | 1972 |
| Beds | 4 |
| Baths | 3.00 |
| Ensuites | 1 |
| Kitchens | 2 |
| Building SqFt | 2,983 |
| Lot Size | 0.90 Acres |
Location Information
| Address | 69 Lake Pl |
|---|---|
| Postal Code | V9T 5S1 |
| Area | Nanaimo |
| Sub Area | Pleasant Valley |
| Jurisdiction | City of Nanaimo |
| PID Number | 002-835-118 |
| View | Mountain(s) |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Septic System: Common |
| Heating | Electric, Heat Pump, Wood, Mixed |
| Cooling | Air Conditioning |
| Foundation Details | Poured Concrete |
| Property Condition | Resale |
| Laundry | In House |
| Parking | Driveway, Garage, RV Access/Parking |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
| Lot Features | Acreage, Cul-de-sac, Irregular Lot, Private, Quiet Area, Recreation Nearby, Rural Setting, Shopping Nearby, Sloping, Southern Exposure, Square Lot |
Listing Details
| Office | 460 Realty Inc. (NA) |
|---|