69 Lake Pl$899,900
- Bed 4
- Bath 3
- SQ.FT 1937.00
- Garage 4
$ 464.58 / sq ft
Property Description
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.
Property Details
- Property ID:32238047
- Price:$899,900
- Property Type:Residential
- Bedrooms:4
- Bathrooms:3
- Lot Size:39204.00 sq ft
- Living Area:1937.00 sq ft
- Year Built:1972
- Parking:4 spaces
- Status:Active
- City:Nanaimo
- State/Province:BC
- Postal Code:V9T 5S1
- Listing Agent:Tom Munro
- Office:460 Realty Inc. (NA)
Condition
- 3 Bedrooms
- 2 Bathroom
- 1 Garage
- 1 Balcony
- 4800 sq ft
- TV
Features
- Air conditioning
- Wifi
- Swimming Pool
- Double Bed
- Balcony
- Telephone
- Garage
- Parking
- TV
- Home Theater
- Alarm
- Garage
- Gym
- Electric Range
- Private space
Floor Plans
| Size | Rooms | Bathrooms |
| 1600 | 3 | 2 |
Property Vedio
Property Location
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