5227 Lost Lake Rd

Massive estate sized near 1/2-acre value added, unobstructed, ocean view property in the coveted North Nanaimo area code. The existing sprawling 2 level, 3584 Sq ft home takes advantage of the remarkable views from every aspect of the home. Strong core aspects of the home consist of solid hand scaled horizontal cedar siding, an array of exterior viewing walkways and extensive entertainment patio space equipped with your own built in brick barbecue with gas hook
up/connection to engage with your guests while watching the sun setting over the Winchelsea islands below. Inside there are 4 fireplaces, 2 wood and 1 gas and one woodstove, to keep you warm. There is also another gas connection and another gas fireplace. The main source of heat is electric baseboards, with each room having its own temperature control/thermostat. Main floor upper level has a large kitchen, master suite with own balcony & ensuite, 3 more bedrooms and a formal living room complete this level. Downstairs which is all ocean view as well boasts multiple options from Rec rooms, family rooms, additional bedrooms & can be converted to a large secondary suite. The homes finished with a large 2 car attached garage below the entertainment deck. The 1/2 acre property has numerous level parking spaces for your boats, RV's and room to build an infinity pool right off the lower levels walk out access with little more than framing up the outside perimeter wall encasing the existing excavated land giving the property an impressive
amenity with minimal site preparation required to prep for pouring the core of the pool. To top off this properties core assets are the capacity to keep the improvements and subdivide off an ocean view lot and or when ready simply redevelop to site into potentially 2 duplexes & 1 Single Family and build out approx 4 new 3 level 1/2 duplex units & 1 single family home for either end user retail sales or manage a cash flowing revenue site whichever is more profitable
for you.
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