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Listing by Tom Munro 460 Realty Inc. (NA)

$899,900

Est. payment - /mo

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4 Beds

3 Baths

1,937 SqFt

Active

69 Lake Pl Nanaimo, BC V9T 5S1

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Kyle Kerr PREC

kyle@initiumre.com +1(250) 818-5595

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Key Details

Property Type Manufactured Home

Sub Type Manufactured Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,937 sqft

Price per Sqft $464

MLS Listing ID 1050567

Style Rancher

Bedrooms 4

HOA Y/N No

Year Built 1972

Annual Tax Amount $4,638

Tax Year 2024

Lot Size 0.900 Acres

Acres 0.9

Property Sub-Type Manufactured Home

Property Description

A compelling North Nanaimo investment opportunity with both holding income and future redevelopment potential. This nearly 1-acre rectangular, gently sloping parcel offers efficient topography & southern exposure; key attributes for practical site planning, natural light, & strong end-product marketability. Located in an established neighbourhood with municipal water, the property offers a land position in a proven area. Zoned R5 and supported by the City of Nanaimo OCP, the site has potential for multi-unit residential development, including building strata or clustered housing (buyer to verify). Two existing dwellings provide revenue while development plans are advanced: 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 usable site, income in place & future density potential combine to create a strategic land-hold and development opportunity in North Nanaimo.

Location

Province BC

County Nanaimo, City Of

Community Na Pleasant Valley

Area Nanaimo

Zoning R5

Rooms

Kitchen 2

Interior

Interior Features Workshop

Heating Electric, Heat Pump, Wood, Mixed

Cooling Air Conditioning

Flooring Wood

Fireplaces Number 1

Fireplaces Type Pellet Stove, Wood Burning Stove

Fireplace Yes

Appliance Dryer, Oven/Range Electric, Range Hood, Refrigerator, Washer

Laundry In House

Exterior

Exterior Feature Balcony/Deck, Low Maintenance Yard

Parking Features Driveway, Garage, RV Access/Parking

Garage Spaces 4.0

Garage Description 1

View Y/N true

View Mountain(s)

Roof Type Asphalt Rolled,Metal

Street Surface Paved

Total Parking Spaces 4

Garage Yes

Building

Lot Description Acreage, Cul-De-Sac, Irregular Lot, Private, Quiet Area, Recreation Nearby, Rural Setting, Shopping Nearby, Sloped, Southern Exposure, Square Lot

Foundation Concrete Perimeter

Sewer Septic System: Common

Water Municipal

Others

Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Restrictions Building Scheme

Ownership Freehold

Special Listing Condition Resale

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NEARBY SCHOOLS & PROPERTIES

I have bought a house with Kyle Kerr as my realtor and it was a smooth professional experience. I specifically like working with a realtor like him who responds fast and communicates clearly to any questions I have promptly. He was also my realtor for the sale of my condo recently and the photographer was great and I had wonderful pictures. It sold above listing price within a day and his staff were also in contact to assist in this transaction

+1(250) 818-5595

info@initiumre.com

505 Dalton St, Victoria, V9A 4B1