5604 Hiquebran Rd

BUILDERS / DEVELOPERS - One of a kind 2.23 acre ocean view North end property. Multiple development options for the creative builder / developer. Very flexible R-10 zoning. Some possible options include “Option A” - keep the existing home and create 7 new fee simple lots one of which would be a very popular two-unit lot; “Option B” - remove the existing home and create 8 fee simple lots one of which would be a very popular two-unit lot; “Option C” - keep the existing home on its own large lot and create/build out a 12 unit multi family development or “Option D” - remove the existing home and create / build out a 14 unit multi family development. Use your imagination and come up with something completely new as no complicated rezoning is needed as R-10 requires only an approved Development Plan. The existing 4,175 sq. ft. level entry home was custom built and has been tastefully updated to ensure it has remained stylish and highly livable. The property offers privacy, ocean views and includes a beautiful in-ground swimming pool. Vacant lots are rarely offered in this high-quality neighborhood with easy access to all of the desirable north end amenities. Live in the home while building out the site or rent out the home to provide income while your custom development progresses. This is an excellent opportunity for an innovative builder or developer on a street that supports excellent home prices. View the Aerial Vidoe here: https://youtu.be/Sa1IfpKbP7wAll data including measurements are from sources which we believe to be reliable but should be verified if deemed to be important. The Development / Subdivision potential and options provided have not been reviewed or approved by the City of Nanaimo and should be verified if deemed to be important.