2555 Departure Bay Rd, Departure Bay
Nanaimo, British Columbia V9S3W2
$1,100,000
5
Bed
2
Bath
3,650.04 sqft
Area
301.37
$/sqft
This 23,640 sq. ft. property 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 availalbe. (id:47740)
- Fireplace Present
- Yes
- Building Type
- House
- Attached Structures
- Patio(s)
- Lower level
- Bathroom
- 3-Piece
- Storage
- 14'2 x 5'5
- Storage
- 19'10 x 7'4
- Family room
- 14'9 x 14'6
- Recreation room
- 22'7 x 10'1
- Mud room
- 11'11 x 6'3
- Den
- 13'7 x 9'7
- Bedroom
- 17'9 x 8'0
- Bedroom
- 14'9 x 9'6
- Main level
- Porch
- 18'10 x 6'4
- Patio
- 28'4 x 11'5
- Bedroom
- 11'2 x 8'4
- Bedroom
- 11'8 x 11'2
- Bathroom
- 5-Piece
- Primary Bedroom
- 13'10 x 11'12
- Laundry room
- 9'6 x 9'1
- Dining nook
- 6'11 x 5'6
- Kitchen
- 12'3 x 8'8
- Dining room
- 11'1 x 10'8
- Living room
- 24'3 x 14'1
This 23,640 sq. ft. property 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 availalbe. (id:47740)
| Status | Active |
|---|---|
| Prop. Type | Single Family |
| MLS Num. | 984870 |
| Year Built | 1951 |
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