An exceptional opportunity to secure two legal lots at 4730 and 4734 Laguna Way in prestigious North Nanaimo! Priced significantly below BC Assessed Value, this offering presents remarkable potential for homeowners, investors and developers alike. Enjoy unobstructed ocean views with the breathtaking backdrop of Mt. Garibaldi (Whistler). With approximately 6,600 sq. ft. of lot space and R5 high-density zoning, the possibilities are exciting. Build your dream home with a mortgage-helper suite, explore future development potential, or secure a premium property to hold as a long-term investment and build generational wealth. Adding even more appeal, the property backs directly onto protected parkland, providing a rare combination of privacy, tranquility and natural surroundings. Located in the highly desirable Hammond Bay neighbourhood, Laguna Way is an address that speaks for itself. Enjoy convenient access to beautiful beaches, parks, walking trails, transit, excellent schools including École Hammond Bay, shopping, Costco and major highway connections. Whether you're looking to build, invest or secure land for the future, this is an opportunity worth exploring. Two legal lots, desirable zoning, spectacular views and an exceptional location! GST applicable. Measurements taken from BC Assessment; buyers to verify if important to the purchase.