5557 Big Bear Ridge is a 3 bed, 3 bath Single Family Residence listed at $549,999 in Pleasant Valley, Nanaimo. Built in 1976. 1,301 sqft of living space. 11 days on market. Listed by eXp Realty (NA). MLS® 1047925.
$549,999 · Single Family Residence · 3 bed · 3 bath · 1,301 sqft · MLS® 1047925
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 to shopping, transit and the Nanaimo Parkway. Ideal for developers planning a fourplex, triplex or duplex; individuals with a dream of designing and building their own home; or buyers seeking an affordable entry onto a large lot with the option to build later. Buyer to verify zoning with the City of Nanaimo. Measurement is approximate.
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