Area: British Columbia
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Full of opportunity! At just over half an acre, this property in one of Nanaimo’s most desirable neighborhoods is a developer’s dream. With rezoning on the horizon, the future is wide open: consider building two fourplexes, keeping the existing 3,100 sq.ft. home while subdividing the back for two new builds, or partner with the neighboring lot for a multi-family townhome project—up to 29 units possible (preliminary sketches available). The current 5-bedroom, 2-bathroom home provides rental income as you plan your next move. Situated in scenic Departure Bay, the property offers ocean views and walkable beach access—ideal for both future residents and investors. Rarely does a parcel this size become available in such a central, high-growth location. Don’t miss your chance to shape the future of this vibrant seaside community. (id:44056)

Property Details

Full Address:
2555 Departure Bay Rd, Nanaimo, British Columbia
Price:
$ 959,000
MLS Number:
1006760
List Date:
July 7th, 2025
Lot Size:
0.54 ac
Year Built:
1951
Taxes:
$ 5,258

Interior Features

Bedrooms:
5
Bathrooms:
2
Air Conditioning:
None
Heating:
Forced air, Natural gas
Fireplaces:
1

Building Features

Zoning:
Residential
Garage Spaces:
6
Ownership Type:
Freehold
Taxes:
$ 5,258

Floors

Finished Area:
3650 sq.ft.
Main Floor:
3151 sq.ft.

Land

View:
Mountain view, Ocean view
Lot Size:
0.54 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Kate Philpott eXp Realty (NA)
 250-668-7572
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Listing Agent(s)

Listing: Kate Philpott
eXp Realty (NA)
Co-Listing: Dean Philpott
eXp Realty (NA)

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