2555 Departure Bay Rd, Nanaimo, British Columbia

$999,000

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5

Beds

2

Baths

3,650

Square feet

0.54

Acres

About 2555 Departure Bay Rd

This 23,640 sq. ft. property offers endless development potential in one of Nanaimo’s most sought-after areas. Whether you envision constructing two fourplexes, retaining the existing home and subdividing the back lot for two spec homes, or pursuing a land assembly with the neighboring lot to create multifamily townhomes (up to 29 units), the possibilities are yours to explore. The property currently features a 3,100 sq. ft. home with 5 bedrooms and 2 bathrooms, generating rental income as you plan your next investment move. Situated in the desirable Departure Bay neighborhood, this property boasts ocean views and is within walking distance to the beach. This is a rare chance to develop in a vibrant area with significant growth potential. Preliminary design sketches regarding land assembly are availalbe. (id:36535)

Features of 2555 Departure Bay Rd

Listing # 994534
Price $999,000
Bedrooms 5
Bathrooms 2.00
Square Footage 3,650
Acres 0.54
Year Built 1951
Type Single Family
Sub-Type Freehold

Community Information

Address 2555 Departure Bay Rd
Subdivision Departure Bay
City Nanaimo
Province British Columbia
Postal Code V9S3W2

Amenities

Features Central location, Level lot, Other, Rectangular, Marine Oriented
Parking Spaces 6
View Mountain view, Ocean view
Is Waterfront No
Has Pool No

Interior

Heating Natural gas Forced air
Cooling None
Fireplace Yes
# of Fireplaces 1
Has Basement No

Additional Information

Zoning Residential

Listing Details

OfficeCourtesy Of Kate Philpott and Dean Philpott Of eXp Realty (NA)

Listing Map