Area: British Columbia
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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:44056)

Property Details

Full Address:
5611/5621 Hammond Bay Rd, Nanaimo, British Columbia
Price:
$ 2,298,000
MLS Number:
981062
List Date:
November 21st, 2024
Lot Size:
3.4 ac
Year Built:
1972
Taxes:
$ 9,610

Interior Features

Bedrooms:
5
Bathrooms:
3
Appliances:
Washer, Refrigerator, Stove, Dryer
Air Conditioning:
None
Heating:
Oil, Hot Water
Fireplaces:
2

Building Features

Zoning:
Multi-Family
Garage Spaces:
5
Ownership Type:
Freehold
Taxes:
$ 9,610

Floors

Finished Area:
2890 sq.ft.
Main Floor:
2600 sq.ft.

Land

Lot Size:
3.4 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Jory Cole RE/MAX of Nanaimo
 250-735-3985
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Listing Agent(s)

Listing: Jory Cole
RE/MAX of Nanaimo
Co-Listing: Charlie Parker
RE/MAX of Nanaimo

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