UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,151 sqft
Price per Sqft $290
MLS Listing ID 1023990
Bedrooms 5
Three Quarter Bath 1
HOA Y/N No
Year Built 1951
Annual Tax Amount $5,258
Tax Year 2025
Lot Size 0.540 Acres
Acres 0.54
Property Sub-Type Single Family Residence
Property Description
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!
Location
Province BC
County Nanaimo, City Of
Community Na Departure Bay
Area Nanaimo
Zoning R1
Rooms
Kitchen 1
Interior
Heating Forced Air, Natural Gas
Cooling None
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Family Room
Fireplace Yes
Appliance Dishwasher, Dryer, Oven/Range Electric, Refrigerator, Washer
Laundry In House
Exterior
Exterior Feature Fencing: Full
Parking Features Driveway, Garage, RV Access/Parking
Garage Spaces 6.0
Garage Description 1
Utilities Available Cable Connected, Electricity Connected, Garbage, Natural Gas Connected, Phone Connected, Recycling
View Y/N Yes
View Mountain(s), Ocean
Roof Type Asphalt Shingle
Street Surface Paved
Total Parking Spaces 6
Garage Yes
Building
Lot Description Central Location, Easy Access, Family-Oriented Neighbourhood, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Rectangular Lot, Serviced
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Municipal
Others
Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Restrictions Easement/Right of Way,Restrictive Covenants,Other
Ownership Freehold
Special Listing Condition Resale