5621 Hammond Bay Rd, NANAIMO

2025-11-14
 

Quick Summary

Location
5621 Hammond Bay Rd, NANAIMO, British Columbia V9T5N2
Price
$1,200,000 CAD
Status:
For Sale
Property Type:
Single Family
Area:
2890 sqft
Bedrooms:
5
Bathrooms:
3
Year of Construction:
1972

MLS®#1020319

Property Description

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. (id:32467)

Property Features

Building

  • Appliances: Refrigerator, Stove, Washer, Dryer
  • Cooling Type: None
  • Fireplace: Yes
  • Interior Size: 2890 sqft
  • Building Type: House

Features

  • Feature: Central location, Other

Land

  • Land Size: 1.7 ac

Ownership

  • Type: Freehold

Zoning

  • Description: R10

Information entered by REMAX Professionals (NA)
Listing information last updated on: 2025-11-13 18:32:54


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$500,000

Your One Percent Realty Commission savings

$500,000

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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We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!

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Joe Squire REALTOR ® MBA

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kerr014@gmail.com
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