Attention builders and developers - this is the type of site that rarely comes available in North Nanaimo. Set on nearly 1 acre, this rectangular, gently sloping parcel offers ideal topography and southern exposure - key fundamentals for efficient site planning, natural light optimization, and strong end-product appeal. Located within an established neighbourhood and serviced by municipal water, the property is well-positioned for near-term development. Zoned R5, and supported by the City of Nanaimo Official Community Plan, the site presents a compelling opportunity for multi-unit residential development, with building strata or clustered housing configurations representing the highest and best use (buyer to verify). The lot configuration lends itself well to multiple dwellings with potential for walk-out basements and secondary suites, maximizing both density and resale value. The property currently includes two existing dwellings - each serviced and functional - but they are best viewed as interim holding income or site coverage during the planning phase rather than long-term assets. 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 Separate hydro meters, shared water, serviced septic system (recently maintained) Additional garage and storage below secondary unit From a development standpoint, this is a clean, usable parcel with minimal site constraints and strong alignment with current planning policy - an increasingly rare combination in this submarket. Whether you're assembling your next small-scale project or securing a premium site in a high-demand neighbourhood, this property offers clarity, flexibility, and upside. Opportunities like this in North Nanaimo are limited - reach out for further due diligence materials or to discuss development potential in detail. (id:57571)
| MLS® Number | 1030322 |
| Property Type | Single Family |
| Neigbourhood | Pleasant Valley |
| Features | Acreage, Cul-de-sac, Private Setting, Southern Exposure, Irregular Lot Size, Sloping, Other |
| Parking Space Total | 4 |
| Plan | Vip24916 |
| View Type | Mountain View |
| Bathroom Total | 3 |
| Bedrooms Total | 4 |
| Appliances | Dryer, Range - Electric, Refrigerator, Washer |
| Constructed Date | 1972 |
| Cooling Type | Air Conditioned |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Heating Fuel | Electric, Wood, Other |
| Heating Type | Heat Pump |
| Size Interior | 1,937 Ft2 |
| Type | House |
| Access Type | Road Access |
| Acreage | Yes |
| Size Irregular | 0.9 |
| Size Total | 0.9 Ac |
| Size Total Text | 0.9 Ac |
| Zoning Description | R5 |
| Zoning Type | Residential |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Entrance | 9'4 x 10'9 | ||
| Main Level | Kitchen | 7'7 x 19'3 | ||
| Main Level | Dining Room | 15'6 x 7'7 | ||
| Main Level | Living Room | 15'6 x 10'0 | ||
| Main Level | Primary Bedroom | 13'0 x 10'7 | ||
| Main Level | Ensuite | 7'10 x 4'7 | ||
| Main Level | Bedroom | 11'7 x 14'0 | ||
| Main Level | Bedroom | 11'7 x 8'11 | ||
| Main Level | Bathroom | 7'11 x 7'2 | ||
| Other | Storage | 11'4 x 4'4 | ||
| Other | Workshop | 19'6 x 17'6 | ||
| Other | Storage | 8'11 x 11'8 | ||
| Other | Storage | 14'2 x 11'8 | ||
| Auxiliary Building | Living Room | 9'6 x 14'3 | ||
| Auxiliary Building | Kitchen | 10'0 x 12'7 | ||
| Auxiliary Building | Dining Room | 10'0 x 9'5 | ||
| Auxiliary Building | Bathroom | 10'0 x 7'3 | ||
| Auxiliary Building | Primary Bedroom | 9'2 x 11'9 |
https://www.realtor.ca/real-estate/29613046/69-lake-pl-nanaimo-pleasant-valley
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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