Development opportunity on a flat, usable 13,300 sq ft lot in Pleasant Valley. Zoned R5, the property offers potential for up to four dwelling units, and successful redevelopment projects on Pine Ridge Crescent demonstrate the opportunity this street presents. Buyers are to complete their own investigations with the City of Nanaimo re zoning and development potential. The existing 1,299 sq ft rancher has been lovingly maintained by its original owners and shows very well, with 2 bedrooms, 2 bathrooms, a den, spacious living and dining areas, heat pump with air conditioning, and wood stove. Outside, the property features beautiful established gardens, ample parking and a large workshop/garage. Municipal water and sewer are in place, and the flat lot provides an appealing starting point for builders, developers or investors while still offering a comfortable home in its current form. All measurements and info are approx and should be verified if fundamental to thepurchase.