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Sean McRae

Engel & Völkers

sean.mcrae@engelvoelkers.com +1(613) 795-4663

$ 899,900

Est. payment -/mo

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Active

69 Lake Pl Nanaimo, BC V9T5S1

4 Beds

3 Baths

1,937 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1937

Square Footage 1,937 sqft

Price per Sqft $464

Subdivision Pleasant Valley

MLS® Listing ID 1030322

Bedrooms 4

Year Built 1972

Lot Size 0.900 Acres

Acres 0.9

Property Sub-Type Freehold

Property Description

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 property currently includes two existing dwellings - each serviced and functional - but they are best viewed as interim holding income or site coverage during the planning phase rather than long-term assets. 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 Separate hydro meters, shared water, serviced septic system (recently maintained) Additional garage and storage below secondary unit From a development standpoint, this is a clean, usable parcel with minimal site constraints and strong alignment with current planning policy - an increasingly rare combination in this submarket. Whether you're assembling your next small-scale project or securing a premium site in a high-demand neighbourhood, this property offers clarity, flexibility, and upside. Opportunities like this in North Nanaimo are limited - reach out for further due diligence materials or to discuss development potential in detail. (id:24570)

Location

State BC

Zoning Residential

Rooms

Kitchen 2.0

Extra Room 1 Main level 9'4 x 10'9 Entrance

Extra Room 2 Main level 7'7 x 19'3 Kitchen

Extra Room 3 Main level 15'6 x 7'7 Dining room

Extra Room 4 Main level 15'6 x 10'0 Living room

Extra Room 5 Main level 13'0 x 10'7 Primary Bedroom

Extra Room 6 Main level 7'10 x 4'7 Ensuite

Interior

Heating Heat Pump, , ,

Cooling Air Conditioned

Fireplaces Number 1

Exterior

Parking Features No

View Y/N Yes

View Mountain view

Attached Garage No

Total Parking Spaces 4

Garage No

Private Pool No

Others

Ownership Freehold

Virtual Tour https://youtu.be/75BSuIU-qoo

Listed by 460 Realty Inc. (NA)

Sean McRae

Broker | License ID: 4790805

+1(613) 795-4663

Sean McRae

69 Lake Pl Nanaimo, BC V9T5S1

Key Details

Location

Rooms

Interior

Exterior

Others

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69 Lake Pl