One of the last remaining larger parcels in the Diver Lake area with excellent lake views. This 1.38 acre parcel is zoned R1 (Single Dwelling Residential) which is intended to provide for low density, single residential dwelling developments and also two principle dwellings on certain corner lots. The lot is conventional in shape and offers 2 road frontages providing a wider range of development options. The property is located within an established neighbourhood with close proximity to arterial road networks, public transportation, schools, shopping, parks, trails and recreational amenities. City of Nanaimo Official Community Plan, the property is designated ‘Neighbourhood’. The ‘Neighbourhood’ designation is to maintain the character and livability of existing neighbourhoods, while also encouraging increased housing choices. Given the location and OCP designation, the property is well suited for rezoning to higher density. Buyer to verify with the municipality. The property offers an older character home equipped with 3 bedrooms 1 bathroom with over 1500 sq ft of living space offering fantastic views of the lake and privacy. Excellent holding property for the future. Information package available.
