5227 Lost Lake Road Nanaimo, BC V9T5E6

OWNER FINANCING AVAILABLE: New Canadians welcome, Developers welcome. Flexible terms, rates from 4.74%. Million-dollar ocean views, Estate Property, almost ½ acre, 4,100 sqft home in North Nanaimo. *Development potential. With current zoning, the property could be subdivided into 2-4 ocean view lots (approx $550-650k ea). With rezoning, 8-12 units (townhouses/duplexes)* All ocean views. Upstairs 1,800sqft: 4 bedrooms, kitchen, eating nook, dining rm, family rm, massive deck. Downstairs 1800sqft: 2 family rooms that can be easily converted to 4 more bedrooms or 2 suites/AirBnB*. All with ocean views! The lower level also features a wet bar, sauna, pantry, and laundry rm. Home needs TLC. With the near ½ Acre property, desirable location & ocean views, this Estate has value now and for the future. Surrounded by nature and parks. Very private, with lots of parking for boats, RVs, & more. Sellers motivated. Offers welcome! Measurements & data are approximate. Verify if important.* (id:41440)