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Niven Lake Phase V

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Niven Phase V photo

Overlooking Back Bay and just minutes from downtown Yellowknife, Niven Lake Phase V offers a beautiful natural setting with excellent development potential.  Niven Lake Phase V is zoned R3- Medium Density Residential and is intended for duplex, multi-attached (townhomes), and multifamily (apartments) dwellings.  An extensive natural trail system, including the Niven Lake Trail, family parks, and natural green space represent just a few features of this location.

On May 9, 2016 City Council motion #0103-16 passed the following:

Payment Plan

  • Provide payment plans for developments of 15 or more units, not exceeding 3 years.

Purchase Price Discount

  • 15% reduction on the purchase price of Lots 11- 12, Block 307 and Lot 94, Block 308.

Increased Density

  • Increase the densities of Lot 94, Block 308 and Lot 11, Block 307 from 14 to 20 units, and Lot 12, Block 307 from 48 to 49 units.

Niven-Lake-Phase-V

Block

Lot

Area (m2)

Area (ft2)

Purchase Price

307

11*

3,371

36,285

  $700,000

307

12*

6,098

65,638

$1,470,000

308

116*

3,409

36,701

  $840,000

Additional Information for Niven Lake Phase V Residential Development:

* - Please note the Purchase Price is inclusive of the 15% discount on all lots mentioned above.

Please contact the Department of Planning and Development at (867) 920-5685 or planningandlands@yellowknife.ca for more information.