Rare 2.67 acre ocean view estate-sized parcel in the Lost Lake area of North Nanaimo. This treed parcel will offer stunning panoramic ocean and Coastal Mountain views across the Salish Sound. With access from two roads (Universal Place) the possibilities for development are strong: as a single family estate which almost assures the unique mix of ocean view, privacy, and full city services, all in a coveted north Nanaimo setting. The R-10 zoning permits both single family and multi-family development. An expired PLA showed 4 lots subdivided on the Universal Place (2006). Under multi-family, the zoning supports 16 units per hectare (this parcel is 1.08 Ha). Some services exist in the surrounding area however additional work will require geo-technical and civil engineering advice as part of a development permit. This area has shown strength with its in-fill development and this property would be ideal to hold as growth continues. All measurements are approximate & should be verified if important.
Chris Martin, 250.751.1223 at RE/MAX of Nanaimo, #1 - 5140 Metral Drive, Nanaimo, British Columbia, V9T 2K8