5621 Hammond Bay Rd new Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9T5N2
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,890 sqft
Price per Sqft $415
Subdivision North Nanaimo
MLS Listing ID 1020319
Bedrooms 5
Year Built 1972
Lot Size 1.700 Acres
Acres 1.7
Property Sub-Type Freehold
Source Vancouver Island Real Estate Board
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:24570)
Location
Province BC
Zoning Multi-Family
Rooms
Kitchen 1.0
Extra Room 1 Lower level 28'0 x 11'9 Recreation room
Extra Room 2 Lower level 6'9 x 5'1 Storage
Extra Room 3 Lower level 8'4 x 7'6 Entrance
Extra Room 4 Lower level 15'5 x 13'4 Storage
Extra Room 5 Lower level 4'7 x 9'6 Bathroom
Extra Room 6 Lower level 9'9 x 9'6 Bedroom
Interior
Heating Hot Water,
Cooling None
Fireplaces Number 2
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 5
Private Pool No
Others
Ownership Freehold