3796 Departure Bay Rd
House for sale in Nanaimo — $575,000
Key facts
- Type: House
- Price: $575,000
- Bedrooms: 1
- Bathrooms: 1
- Living area: 574 sq ft
- Lot: 7,500 sq ft
- Year built: 1956
- City: Nanaimo
- MLS® number: 1042257
- Agent: Century 21
- Brokerage: Century 21 Canada
Description
Prime development opportunity in the heart of Departure Bay! Situated on a 7,500 SF corner lot and zoned R5, this property offers outstanding potential for developers, investors, or buyers seeking future upside with zoning that allows for up to 4 units. The property features an older 1 bedroom, 1 bathroom home currently owner occupied and ideal as a holding property while redevelopment plans are underway. Excellent revenue potential during the planning process. Located in one of Nanaimo’s most desirable neighbourhoods, directly across from an elementary school and just 2 blocks to the high school, with shopping, parks, beaches, transit, and amenities all nearby. Rare opportunity to secure a well-located redevelopment site in an established, high-demand area.