69 Lake Pl Nanaimo, BC V9T 5S1

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.