C$899,900

69 Lake Pl, Nanaimo BC, V9T 5S1

Price per sqftC$464.58

Built in1972

Property size1,937 sqft

Property typeManufactured

Courtesy of 460 Realty Inc. (NA)

Overview

Active

Listed Sep 22, 2026

Updated 2 weeks ago

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.

Additional information

MLS^® ID: 1050567

Interior Features

Bedrooms: 4
Bathrooms: 3
Fireplace: Yes
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.9 Acres

Other Property Details

Taxes: $4,638
Tax Frequency: Annually
Garage: Yes
View: Yes
Pets Allowed: Yes

Courtesy of 460 Realty Inc. (NA), Tom Munro

Listing Contact: 250-714-2147

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