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.
| Size | Rooms | Bathrooms |
| 1600 | 3 | 2 |
Feb 27, 2020 | $1045,000
Mar 14, 2020 | $944,000
Apr 14, 2020 | $1420,000
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Register Now123 Kathal St. Tampa City,