69 Lake Pl

Key facts

• Property type: Single Family
• Structure: House
• Transaction: For Sale
• Price: $899,900
• Bedrooms: 4
• Bathrooms: 3
• Interior size: 1,937 sqft
• Lot size: 0.9
• Year built: 1972
• Parking: 4

Listing overview

Attention builders and developers - this is the type of site that rarely comes available in North Nanaimo. Set on nearly 1 acre, this rectangular, gently sloping parcel offers ideal topography and southern exposure - key fundamentals for efficient site planning, natural light optimization, and strong end-product appeal. Located within an established neighbourhood and serviced by municipal water, the property is well-positioned for near-term development. Zoned R5, and supported by the City of Nanaimo Official Community Plan, the site presents a compelling opportunity for multi-unit residential development, with building strata or clustered housing configurations representing the highest and best use (buyer to verify). The lot configuration lends itself well to multiple dwellings with potential for walk-out basements and secondary suites, maximizing both density and resale value. The prope...