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This 3 bedroom, 3 bathroom single family is listed for sale at $549,999 in Nanaimo, British Columbia. The property offers 1301.00 square feet of living space. Built in 1976. Lot size: 17,860 sq ft (0.41 acres).MLS® #1047925.
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.
Looking for homes for sale in Nanaimo? Browse Nanaimo real estate listings,residential properties, and Vancouver Island homes on IslandSold.com. Located in the Na Pleasant Valley neighborhood. Part of the Nanaimo area.
Property Type
Single Family
Year Built
1976
Interior Size
1,301 sq ft
Lot Size
17,860 sq ft(0.41 acres)
Bedrooms
3
Bathrooms
3
Area
Nanaimo
Neighborhood
Pleasant Valley
Listed
Sep 3, 2026
MLS® Number
#1047925
View comprehensive market analysis for Big Bear Ridge 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 Big Bear Ridge Market ReportDevelopment 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.

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.
~$4,250
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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