Bought with Sandy Clark Royal LePage Nanaimo Realty (NanIsHwyN)
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Key Details
Sold Price -
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,527 sqft
MLS Listing ID 984877
Sold Date -
Style Ground Level Entry With Main Up
Bedrooms 7
Three Quarter Bath 1
HOA Y/N No
Year Built 1947
Annual Tax Amount $7,012
Tax Year 2024
Lot Size 0.770 Acres
Acres 0.77
Property Sub-Type Single Family Residence
Property Description
This is a rare chance to secure a multifamily development opportunity in one of Nanaimo's most sought-after neighborhoods. Situated on a .77-acre lot overlooking Departure Bay and just steps from the beach, this property offers an exceptional opportunity for a low-risk, high-return legacy project. The rezoning process has been completed, with third reading and rezoning approval finalized. The project is now civil-ready, with plans for 13 modern, architecturally designed townhomes by renowned local architect Ian Nimath. This development is poised to be a standout addition to the area. Adding immediate value, the property currently includes a well-maintained 2,500 sq. ft. home with 7 bedrooms, configured as three separate rental units, providing income potential while you plan your next steps. The original developer has stepped away, presenting a unique opportunity for you to take the reins and bring this vision to life!
Location
Province BC
County Nanaimo, City Of
Community Na Departure Bay
Area Nanaimo
Zoning R1
Rooms
Kitchen 3
Interior
Interior Features Dining Room, French Doors, Workshop
Heating Baseboard, Electric, Space Heater
Cooling None
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Living Room, Wood Burning
Fireplace Yes
Appliance F/S/W/D, Hot Tub, Oven/Range Electric, Refrigerator
Laundry In House
Exterior
Exterior Feature Fencing: Full
Parking Features Driveway, Garage Triple
Garage Spaces 8.0
Garage Description 3
Utilities Available Electricity Connected, Phone Connected
View Y/N true
View Mountain(s), Ocean
Roof Type Asphalt Shingle
Total Parking Spaces 8
Garage Yes
Building
Lot Description Central Location, Easy Access, Family-Oriented Neighbourhood, Near Golf Course, Recreation Nearby, Serviced, Southern Exposure
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Municipal
Others
Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Restrictions Other
Ownership Freehold
Special Listing Condition Resale
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