Prime development opportunity in the heart of Departure Bay! Situated on a 7,500 SF corner lot and zoned R5, this property offers outstanding potential for developers, investors, or buyers seeking future upside with zoning that allows for up to 4 units. The property features an older 1 bedroom, 1 bathroom home currently owner occupied and ideal as a holding property while redevelopment plans are underway. Excellent revenue potential during the planning process. Located in one of Nanaimo’s most desirable neighbourhoods, directly across from an elementary school and just 2 blocks to the high school, with shopping, parks, beaches, transit, and amenities all nearby. Rare opportunity to secure a well-located redevelopment site in an established, high-demand area. (id:4069)
Address
3796 Departure Bay Rd
List Price
$575,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
Contemporary
Transaction Type
Sale
Area
British Columbia
Sub-Area
Nanaimo
Bedrooms
1
Bathrooms
1
Floor Area
574 Sq. Ft.
Lot Size
7500 Sq. Ft.
Year Built
1956
MLS® Number
1042257
Listing Brokerage
Royal LePage Nanaimo Realty (NanIsHwyN)
Postal Code
V9T1C4
Zoning
R5
Ownership
Freehold
Parking Places (Total)
3
Features
Central location, Curb & gutter, Corner Site, See remarks, Other
Heat Source
Electric
Heat Type
Heat Pump
Cooling Features
Fully air conditioned
Access To Property
Road access
