A rare opportunity to develop a five-story, lakefront residential building with underground parking on Diver Lake. This strategically located lot in Central Nanaimo comes with a Development Permit already in place. Extensive preliminary planning and design work has been completed, with careful consideration given to maximizing the southern exposure and lake views from every one of the 15 units. The Development Permit includes two ground-floor units offering flexibility as live/work spaces or can function as full residential homes. Positioned in a tranquil, park-like setting along the lakeshore, the development also includes a designated park area on one side of the property. There is also potential to add a dock on the water, enhancing the lakeside lifestyle this project offers.