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This 4 bedroom, 3 bathroom single family is listed for sale at $899,900 in Nanaimo, British Columbia. The property offers 1937.00 square feet of living space. Built in 1972. Lot size: 39,204 sq ft (0.90 acres).MLS® #1030322.
Developers, opportunities like this are rare in North Nanaimo. This nearly 1-acre rectangular, gently sloping parcel offers ideal topography & southern exposure; key fundamentals for efficient site planning, natural light, & strong end-product appeal. Located in an established neighbourhood with municipal water, the property is well-positioned for development.
Zoned R5 and supported by the City of Nanaimo OCP, the site offers strong potential for multi-unit residential development, including building strata or clustered housing (buyer to verify).
The property includes two existing dwellings that provide holding income but are best suited for interim use during planning:
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 clean, usable parcel with minimal constraints & strong alignment with current planning policy - an increasingly rare offering in this submarket.
Property features include: Dryer, Oven/Range Electric, Range Hood, Refrigerator, Washer.
Looking for homes for sale in Nanaimo? Browse Nanaimo real estate listings,residential properties, and Vancouver Island homes on IslandSold.com. Part of the Nanaimo area.
Property Type
Single Family
Year Built
1972
Interior Size
1,937 sq ft
Lot Size
39,204 sq ft(0.90 acres)
Bedrooms
4
Bathrooms
3
Kitchens
Area
Nanaimo
Neighborhood
Pleasant Valley
MLS® Number
#1030322
View comprehensive market analysis for Lake Pl including recent sales, pricing trends, and days on market statistics. Compare this property with other homes on the same street to better understand the local market.
View Lake Pl Market ReportDevelopers, opportunities like this are rare in North Nanaimo. This nearly 1-acre rectangular, gently sloping parcel offers ideal topography & southern exposure; key fundamentals for efficient site planning, natural light, & strong end-product appeal. Located in an established neighbourhood with municipal water, the property is well-positioned for development.
Zoned R5 and supported by the City of Nanaimo OCP, the site offers strong potential for multi-unit residential development, including building strata or clustered housing (buyer to verify).
The property includes two existing dwellings that provide holding income but are best suited for interim use during planning:
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 clean, usable parcel with minimal constraints & strong alignment with current planning policy - an increasingly rare offering in this submarket.

Dallas King
Personal Real Estate Corporation
RE/MAX Generation
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Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$6,000
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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