3796 Departure Bay Rd, Nanaimo, BC V9T 1C4

$575,000
1
BD
1
BA
574
SqFt

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Courtesy of Royal LePage Nanaimo Realty (NanIsHwyN)

List Price
$575,000
Status
ACTIVE
Bedrooms
1
Sq. Ft
574
Acres
0.17
Year Built
1956
Subdivision
Na Departure Bay

Property Description

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.

Additional Information

Style
Grd Lev Ent-Main Up
Lot Size
7,500
Lot Features
Road - Paved, Central location, Curb & Gutter, Easy Access, Recreational, Shopping Nearby, Sidewalk, Corner Lot, Serviced
Parking Type
Open, RV Access/Parking
Heating
Electric, Heat Pump
Cooling
HVAC
Office Name
Royal LePage Nanaimo Realty (NanIsHwyN)

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Calculator source: Real Geeks

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