5557 Big Bear Ridge

Development site in the heart of Pleasant Valley: an 18,000 sq ft (0.41 acre) R5-zoned lot with municipal water and sewer already connected. Under Nanaimo's small-scale multi-unit housing zoning, R5 allows up to four dwelling units on a lot this size, from a fourplex or triplex to two detached homes with suites, with no maximum floor area ratio. The extra-deep lot steps down from the road beneath mature trees, suiting a terraced or walk-out design, or one substantial new home with a large private yard. A three-bedroom manufactured home sits on the site today; the value here is in the land. Quiet ridge road close… (continued online)