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Additional details

Ilona Drost

Real Broker

ilona@ilonadrostrealestate.com +1(587) 877-4049

$ 1,200,000

Est. payment -/mo

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5621 Hammond Bay Rd Nanaimo, BC V9T5N2

5 Beds

3 Baths

2,890 SqFt

UPDATED:

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

Listed by REMAX Professionals (NA)