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.

Listed by eXp Realty (NA).

Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Jahelka Real Estate Group for your convenience.

Disclaimer: This representation is based in whole or in part on data generated by the VIREB Vancouver Island Real Estate Board which assumes no responsibility for its accuracy. Trademark owned or controlled by The Canadian Real Estate Association. Used under license.