2555 Departure Bay Rd, NANAIMO

2026-01-23
 

Quick Summary

Location
2555 Departure Bay Rd, NANAIMO, British Columbia V9S3W2
Price
$889,000 CAD
Status:
For Sale
Property Type:
Single Family
Area:
3650 sqft
Bedrooms:
5
Bathrooms:
2
Year of Construction:
1951

MLS®#1023990

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 could also provide 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

  • Appliances: Dishwasher, Dryer, Oven - Electric, Refrigerator, Washer
  • 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: 2026-02-20 18:43:31


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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. Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.

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