About 2555 Departure Bay Rd
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.
Basic Information
| Price | $1,050,000 |
|---|---|
| MLS® # | 994534 |
| Sub-Type | Single Family Detached |
| Year Built | 1951 |
| Beds | 5 |
| Baths | 2.00 |
| Kitchens | 1 |
| Interior SqFt | 3,650 |
| Lot Size | 0.54 Acres |
Location Information
| Address | 2555 Departure Bay Rd |
|---|---|
| Postal Code | V9S 3W2 |
| Area | Nanaimo |
| Sub Area | Departure Bay |
| Jurisdiction | City of Nanaimo |
| PID Number | 030-112-168 |
| View | Mountain(s), Ocean |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer Connected |
| Heating | Forced Air, Natural Gas |
| Cooling | None |
| Foundation Details | Poured Concrete |
| Property Condition | Resale |
| Laundry | In House |
| Parking | Driveway, Garage, RV Access/Parking |
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, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Rectangular Lot, Serviced |
Listing Details
| Office | eXp Realty (NA) |
|---|