About 5621 Hammond Bay Rd
Strategic investment opportunity in one of Nanaimo's most desirable neighbourhoods. This 1.7-acre ocean-view property includes a 5-bedroom, 3-bath home offering immediate rental income with an option to add a basement suite for a great holding property while planning your next project. With R10 zoning supporting up to 16 units per hectare, the site is ideal for future townhome or duplex development. The gently sloping terrain offers excellent ocean-view exposure, and mature, saleable timber on the property provides revenue or offsets development costs. Located minutes from schools, parks, shopping, and transit, this property combines short-term income potential with long-term redevelopment upside -an exceptional opportunity for builders and investors alike. Can be purchased as a package with MLS: 1020314 All data and measurements approximate; buyers to verify if important.
Basic Information
| Price | $1,200,000 |
|---|---|
| MLS® # | 1020319 |
| Sub-Type | Single Family Detached |
| Year Built | 1972 |
| Beds | 5 |
| Baths | 3.00 |
| Ensuites | 1 |
| Kitchens | 1 |
| Building SqFt | 2,890 |
| Lot Size | 1.70 Acres |
Location Information
| Address | 5621 Hammond Bay Rd |
|---|---|
| Postal Code | V9T 5N2 |
| Area | Nanaimo |
| Sub Area | North Nanaimo |
| Jurisdiction | City of Nanaimo |
| PID Number | 004-572-122 |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer Connected |
| Heating | Hot Water, Oil |
| Cooling | None |
| Foundation Details | Slab |
| Property Condition | Resale |
| Laundry | In House |
| Parking | Additional, Carport Double, Driveway |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
| Lot Features | Central Location, Easy Access, Family-Oriented Neighbourhood, Recreation Nearby, Serviced |
Listing Details
| Office | REMAX Professionals (NA) |
|---|