Full of opportunity! At just over half an acre, this property in one of Nanaimo’s most desirable neighborhoods is a developer’s dream. With rezoning on the horizon, the future is wide open: consider building two fourplexes, keeping the existing 3,100 sq.ft. home while subdividing the back for two new builds, or partner with the neighboring lot for a multi-family townhome project - up to 29 units possible (preliminary sketches available). The current 5-bedroom, 2-bathroom home could also provide rental income as you plan your next move. Situated in scenic Departure Bay, the property offers ocean views and walkable beach access - ideal for both future residents and investors. Rarely does a parcel this size become available in such a central, high-growth location. Don’t miss your chance to shape the future of this vibrant seaside community! (id:4069)
Address
2555 Departure Bay Rd
List Price
$889,000
Property Type
Single Family
Type of Dwelling
Single Family
Transaction Type
Sale
Area
British Columbia
Sub-Area
Nanaimo
Bedrooms
5
Bathrooms
2
Floor Area
3,151 Sq. Ft.
Lot Size
0.54 Sq. Ft.
Year Built
1951
MLS® Number
1023990
Listing Brokerage
eXp Realty (NA)
Postal Code
V9S3W2
Zoning
R1
Site Influences
View
Features
Central location, Level lot, Other, Rectangular, Marine Oriented
