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:47421)
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Detailed Information
Bedrooms
5
Bathrooms
2
Features
Central location, Level lot, Other, Rectangular, Marine Oriented
Listing Contract Date
2025-01-20
Municipal ID
030-112-168
Ownership Type
Freehold
# of Parking Spaces
6
Plan
EPP68153
Property Type
Single Family
Structures
Patio(s)
Transaction Type
For sale
Views
Mountain view, Ocean view
Zoning Description
R1
Zoning
Residential
Building
Constructed Date
1951
Cooling Type
None
Fireplace Present
Yes
# of Fireplaces
1
Heating Fuel
Natural gas
Heating Type
Forced air
Total Finished Area
3151 sqft
Type
House
Rooms
Room
Level
Dimensions
Notes
Bathroom
Lower level
3-Piece
Storage
Lower level
14'2 x 5'5
Storage
Lower level
19'10 x 7'4
Family room
Lower level
14'9 x 14'6
Recreation room
Lower level
22'7 x 10'1
Mud room
Lower level
11'11 x 6'3
Den
Lower level
13'7 x 9'7
Bedroom
Lower level
17'9 x 8'0
Bedroom
Lower level
14'9 x 9'6
Porch
Main level
18'10 x 6'4
Patio
Main level
28'4 x 11'5
Bedroom
Main level
11'2 x 8'4
Bedroom
Main level
11'8 x 11'2
Bathroom
Main level
5-Piece
Primary Bedroom
Main level
13'10 x 11'12
Laundry room
Main level
9'6 x 9'1
Dining nook
Main level
6'11 x 5'6
Kitchen
Main level
12'3 x 8'8
Dining room
Main level
11'1 x 10'8
Living room
Main level
24'3 x 14'1
Land
Total Size
0.54 acres
Size of Irregular Land
0.54
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