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 could also provide 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:
$ 889,000
MLS Number:
1023990
List Date:
January 23rd, 2026
Lot Size:
0.54 ac
Year Built:
1951
Taxes:
$ 5,258

Interior Features

Bedrooms:
5
Bathrooms:
2
Appliances:
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
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:
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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