Strategic investment opportunity in one of Nanaimo's most desirable neighbourhoods. This 1.7-acre ocean-view property includes a 5-bedroom, 3-bath home offering immediate rental income with an option to add a basement suite for a great holding property while planning your next project. With R10 zoning supporting up to 16 units per hectare, the site is ideal for future townhome or duplex development. The gently sloping terrain offers excellent ocean-view exposure, and mature, saleable timber on the property provides revenue or offsets development costs. Located minutes from schools, parks, shopping, and transit, this property combines short-term income potential with long-term redevelopment upside -an exceptional opportunity for builders and investors alike. Can be purchased as a package with MLS: 1020314 All data and measurements approximate; buyers to verify if important. (id:4069)
Address
5621 Hammond Bay Rd
List Price
$1,200,000
Property Type
Single Family
Type of Dwelling
House
Transaction Type
Sale
Area
British Columbia
Sub-Area
Nanaimo
Bedrooms
5
Bathrooms
3
Floor Area
2,890 Sq. Ft.
Lot Size
1.7 Sq. Ft.
Year Built
1972
MLS® Number
1020319
Listing Brokerage
REMAX Professionals (NA)
Postal Code
V9T5N2
Zoning
R10
Features
Central location, Other
