2555 Departure Bay Rd, NANAIMO

2025-07-07
 

Quick Summary

Location
2555 Departure Bay Rd, NANAIMO, British Columbia V9S3W2
Price
$959,000 CAD
Status:
For Sale
Property Type:
Single Family
Area:
3650 sqft
Bedrooms:
5
Bathrooms:
2
Year of Construction:
1951

MLS®#1006760

Property Description

Full of opportunity! At just over half an acre, this property in one of Nanaimo’s most desirable neighborhoods is a developer’s dream. With rezoning on the horizon, the future is wide open: consider building two fourplexes, keeping the existing 3,100 sq.ft. home while subdividing the back for two new builds, or partner with the neighboring lot for a multi-family townhome project—up to 29 units possible (preliminary sketches available). The current 5-bedroom, 2-bathroom home provides rental income as you plan your next move. Situated in scenic Departure Bay, the property offers ocean views and walkable beach access—ideal for both future residents and investors. Rarely does a parcel this size become available in such a central, high-growth location. Don’t miss your chance to shape the future of this vibrant seaside community. (id:32467)

Property Features

Building

  • Cooling Type: None
  • Fireplace: Yes
  • Interior Size: 3650 sqft
  • Building Type: House

Features

  • Feature: Central location, Level lot, Other, Rectangular, Marine Oriented

Land

  • Land Size: 0.54 ac

Ownership

  • Type: Freehold

Structure

  • Structure: Patio(s)

Zoning

  • Description: R1

Information entered by eXp Realty (NA)
Listing information last updated on: 2025-09-29 19:35:03


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$500,000

Your One Percent Realty Commission savings

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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.

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