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$ 2,298,000
Est. payment /mo
Active
5611/5621 Hammond Bay Rd Nanaimo, BC V9T5N2
3.4 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision North Nanaimo
MLS® Listing ID 981085
Originating Board Vancouver Island Real Estate Board
Lot Size 3.400 Acres
Acres 148104.0
Property Sub-Type Freehold
Property Description
This rare 3.4-acre property in North Nanaimo offers an outstanding multifamily development opportunity across two titled lots. 5211 Hammond Bay Rd is a 1.7-acre vacant parcel ready for development, while 5621 Hammond Bay Rd includes a vacant 5 bed 3 bath home with suite potential on the property to generate rental income and offset costs during planning. Additionally, mature timber on the property offers potential revenue. The R10 zoning of the property supports up to 16 units per hectare, ideal for townhomes or duplexes. The property's sloping terrain presents the opportunity for ocean-view units. Located in a family-friendly area near schools, parks, and public transit, it's a walkable and desirable area for redevelopment. All measurements approximate; buyers to verify if important. (id:24570)
Location
State BC
Zoning Unknown
Rooms
Kitchen 0.0
Interior
Heating Hot Water,
Cooling None
Exterior
Parking Features No
View Y/N Yes
View Ocean view
Total Parking Spaces 5
Private Pool No
Others
Ownership Freehold
Listed by RE/MAX of Nanaimo