4732 Laguna Way

Discover this rare opportunity to own 2 ocean view building lots in the highly sought-after North Nanaimo neighbourhood of Hammond Bay. Possibility to build 8 dwellings as per new upcoming zoning change to R5, buyer to confirm with city or build 2 luxury detached homes. Neighbouring homes are currently listed for $2 million. This opens up the possibility of creating a multi-generational living space or generating income by renting out the additional units as a lucrative investment property. Situated between Neck Point Park and Linley Valley, this location offers easy access to some of the most beautiful beaches in the area. Whether you enjoy hiking, beach-combing, or simply relaxing by the ocean, you’ll find it all just minutes from your doorstep. Additionally, modern amenities such as shopping centers, schools, and the ferry terminal are conveniently close, ensuring you won’t have to sacrifice convenience for natural beauty. Each lot is 7000 sqft and is partially cleared, providing a perfect canvas to build your dream home, while still retaining mature trees that offer privacy and create a commanding entrance to the property. The lot backs onto parkland and green space, offering serene surroundings and natural beauty that make it an ideal spot for a custom retreat. Imagine designing a backyard oasis where you can unwind and enjoy the tranquility of nature right in your own home. The property is fully serviced with city water, hydro, gas, and sewer connections already in place, making it ready for development. All measurements are approximate and should be verified if important. The dimensions and sizes mentioned are based on architectural measurements. E&OE.* *Price is plus GST.