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

QuickQuote^TM: $938K - $1.3M

MLS® # 984870

5 Beds

2 Baths

3650 FEETSQ sqft

Property Information:

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.

Property Features:

Bedrooms: 5
Bathrooms: 2
Annual Tax Amount: $4,984
Appliances: Dishwasher, Dryer, Oven/Range Electric, Refrigerator, Washer
Basement: Finished, Walk-Out Access, With Windows
Built in: 1951
Construction Materials: Frame Wood, Insulation All
Cooling: None
Exterior Features: Fencing: Full
Fireplace Features: Family Room
Floor Space (approx): 3650 Square Feet
Flooring: Hardwood
Foundation Details: Concrete Perimeter
Heating: Forced Air, Natural Gas
Laundry Features: In House
Lot Features: Central Location, Easy Access, Family-Oriented Neighbourhood, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Rectangular Lot, Serviced
Lot Frontage: 23626.8 Square Feet
Lot Size: 0.54 Acres
Ownership: Freehold
Parking Features: Driveway, Garage, RV Access/Parking
Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Property Condition: Resale
Property Sub Type:
Roof: Asphalt Shingle
Utilities: Cable Connected, Electricity Connected, Garbage, Natural Gas Connected, Phone Connected, Recycling
View: Mountain(s)
Water Source: Municipal
Zoning: R1
Zoning Description: Residential
Sewer:
No. of Parking Spaces: 6

Rooms:

Kitchen Main Level 3.73 m x 2.64 m
Living Main Level 7.39 m x 4.29 m
Dining Main Level 3.38 m x 3.25 m
Other Main Level 2.11 m x 1.68 m Note: Eating Nook
Laundry Main Level 2.90 m x 2.77 m
Other Main Level 4.22 m x 3.66 m
Bathroom Main Level
Bedroom Main Level 3.56 m x 3.40 m
Other Main Level 6.30 m x 3.61 m Note: Garage
Other Main Level 6.73 m x 3.81 m Note: Parking Stall

Convert Measurement to:

Courtesy of: eXp Realty (NA)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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