This 1.1 acre development site located on Diver Lake in Central Nanaimo features +/- 127’ of street frontage along Shenton Road. The Official Community Plan designates this property as “Industrial” but due to the surrounding properties, rezoning to “Corridor” may be supported by the City of Nanaimo. Corridor allows for mixed use 2-6 storey developments with residential densities of 50-150 units/hectare. The land is improved with an older single family residential home.
The property offers frontage on Diver Lake to the south and Shenton Road to the north featuring +/-131’ of road frontage. Adjacent properties include a two-storey office development to the west occupied by Windley Construction and Herold Engineering. There are two industrial properties to the east occupied by Walker’s Saw Shop and Archie Johnstone Plumbing and Heating. The site offers excellent lake and mountain views combined with great visual exposure to the #1 Trans Canada Highway. The site is sloped downward from north to south and includes riparian area setbacks from Diver Lake. There are municipal water services along Shenton Road and a sewer line currently servicing the property.