Nestled in the highly sought-after Hammond Bay area of Nanaimo, this expansive 16,000 sf lot in the Glen Oaks area presents an incredible opportunity for investors, developers, or homeowners looking to build in a mature and desirable neighborhood. With a gentle slope and excellent sun exposure, the property boasts distant ocean and mountain views, creating the perfect backdrop for a stunning residence or multi-family development. City services are readily available, and a current PLA is in place for a two-lot subdivision, offering flexibility for future plans. Zoned R5, this property allows for multi-family dwellings per lot (buyer to verify), making it an attractive option for those seeking to maximize potential. Conveniently located close to top-rated schools and beautiful beaches, this prime location combines tranquility with accessibility. Don’t miss this rare opportunity to own in one of Nanaimo’s most coveted areas. Reach out to your Realtor today for more details!