One of the last remaining larger parcels in the Diver Lake area with excellent lake views. This 1.38 acre parcel zoned R1 (Single Dwelling Residential) is intended to provide for low density, single residential dwelling developments & also two principle dwellings on certain corner lots. The lot offers 2 road frontages providing a wider range of development options. The property is located within an established neighbourhood with close proximity to arterial road networks, public transportation, schools, shopping, parks, trails & recreational amenities. City of Nanaimo Official Community Plan, designates the property as ‘Neighbourhood’ to maintain the character & livability of existing neighbourhoods, while also encouraging increased housing choices. Given the location and OCP designation, the property is well suited for rezoning to higher density. The property has an older 1,500 sq ft character home with 3 beds, 1 bath & fantastic lake views.