CAD $1,050,000

2555 Departure Bay Rd, Nanaimo, BC, V9S 3W2, CA

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Listing Courtesy of eXp Realty (NA)

5 Bd

2 Ba

3 151 sq.ft

MLS#: 994534

Rezoning is on the horizon with this 23,640 sq/ft. property that offers endless development potential in one of Nanaimo’s most sought-after areas. Whether you envision constructing two fourplexes, retaining the existing home and subdividing the back lot for two spec homes, or pursuing a land assembly with the neighboring lot to create multifamily townhomes (up to 29 units), the possibilities are yours to explore. The property

currently features a 3,100 sq. ft. home with 5 bedrooms and 2 bathrooms, generating rental income as you plan your next investment move. Situated in the desirable Departure Bay neighborhood, this property boasts ocean views and is within walking distance to the beach. This is a rare chance to develop in a vibrant area with significant growth potential. Preliminary design sketches regarding land assembly are available.

Subtype
Single Family Residence
Price Per Sq Ft
$333.23
View
Mountain(s), Ocean
Year Built
1951
Garage Spaces
1
Living Area (Sq Ft)
3 151 sq.ft
Tax Annual Amount
$4,984.79
Lot Size Acres
0.54
Heating
Forced Air, Natural Gas
Cooling
None
County
Nanaimo, City of

Property Details

Interior Features
Utilities
Utilities
Natural Gas Available
Water Source
Public
Exterior Features
Lot Features
Level, Near Golf Course, Rectangular Lot
Fencing
Fenced
Construction
Property Type
Residential
Flooring
Hardwood
Year Built
1951
Property Subtype
Single Family Residence
Roof
Asphalt
Building Area Total
3650
Parking
Parking Total
6
Garage
Yes
Garage Spaces
1
Parking Features
Driveway, Garage, RV Access/Parking

Location

BC
Nanaimo
V9S 3W2
Nanaimo, City of
2555 Departure Bay Rd

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CAD $6,127.51

This payment calculator provided by Engel & Völkers and is intended for educational and planning purposes only. * Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Listing content Copyright 2021 Vancouver Island Real Estate Board & Victoria Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.

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