Attention Builders & Investors – Profitable Development Opportunity! Here’s your chance to secure an affordable, flat, and sun-drenched 50' x 120' vacant lot just 5 minutes from all the key amenities in South Nanaimo and Chase River. With full services to the lot line and dual access via Victoria Rd and a rear laneway, this property offers incredible versatility for your next project. Zoned R5, this lot is eligible under new BC legislation to accommodate up to 4 units—ideal for two full homes with secondary suites or a main residence plus a carriage home. Whether you're a developer or a savvy investor looking to build equity and generate rental income, this is a golden opportunity to build in a rapidly growing area. Enjoy the convenience of nearby schools, shopping, and transit in a location that balances urban access with a neighborhood feel. Measurements and data are approximate; buyers to verify if important. Don't miss out—your next income-generating project starts here! (id:57571)
| MLS® Number | 1003429 |
| Property Type | Vacant Land |
| Neigbourhood | South Nanaimo |
| Features | Central Location, Level Lot, Southern Exposure, Partially Cleared, Other, Marine Oriented |
| Parking Space Total | 4 |
| Plan | Vip2009 |
| View Type | City View, Mountain View |
| Acreage | No |
| Size Irregular | 6054 |
| Size Total | 6054 Sqft |
| Size Total Text | 6054 Sqft |
| Zoning Description | R5 |
| Zoning Type | Residential |
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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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