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.
For sale
C$899,900
69 Lake Pl, Nanaimo, BC V9T 5S1
4beds
3baths
1,937sqft
Manufactured Home, Single Family Residence
Built in 1972
0.9 Acres Lot
$-- Zestimate®
C$465/sqft
C$-- HOA
What's special
Southern exposureEfficient topography
- 29 days
- 34
- 2
Zillow last checked:
Listing updated:
Listed by:
Tom Munro Personal Real Estate Corporation,
460 Realty Inc. (NA)
Source: VIVA,MLS®#: 1050567
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 3
Kitchen
- Level: Main,Second
Heating
- Electric, Heat Pump, Wood, Mixed
Cooling
- Air Conditioning
Appliances
- Included: Dryer, Oven/Range Electric, Range Hood, Refrigerator, Washer
- Laundry: Inside
Features
- Workshop
- Flooring: Wood
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Pellet Stove, Wood Burning Stove
Interior area
- Total structure area: 2,983
- Total interior livable area: 1,937 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Driveway, Garage, RV Access/Parking
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Entry location: Ground Level
- Patio & porch: Balcony/Deck
- Exterior features: Low Maintenance Yard
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.9 Acres
- Features: Acreage, Cul-De-Sac, Irregular Lot, Private, Quiet Area, Recreation Nearby, Rural Setting, Shopping Nearby, Sloped, Southern Exposure, Square Lot
Details
- Parcel number: 002835118
- Zoning: R5
- Zoning description: Residential
Construction
Type & style
- Home type: MobileManufactured
- Property subtype: Manufactured Home, Single Family Residence
Materials
- Insulation: Ceiling, Insulation: Walls, Stucco & Siding
- Foundation: Concrete Perimeter
- Roof: Rolled/Hot Mop,Metal
Condition
- Resale
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Septic System: Common
- Water: Municipal
Community & HOA
Location
- Region: Nanaimo
Financial & listing details
- Price per square foot: C$465/sqft
- Tax assessed value: C$2,026
- Annual tax amount: C$4,638
- Date on market: 9/22/2026
- Ownership: Freehold
- Road surface type: Paved
- Body type: Double Wide
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2026 | Listed for sale | C$899,900C$465/sqft |
Source: VIVA #1050567 Report a problem | ||
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: Rutherford
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.



