Area: British Columbia
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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:44056)

Property Details

Full Address:
5621 Hammond Bay Rd, Nanaimo, British Columbia
Price:
$ 1,200,000
MLS Number:
1020319
List Date:
November 13th, 2025
Lot Size:
1.7 ac
Year Built:
1972
Taxes:
$ 6,529

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:
$ 6,529

Floors

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

Land

Lot Size:
1.7 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Jory Cole REMAX Professionals (NA)
 250-735-3985
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Listing Agent(s)

Listing: Jory Cole
REMAX Professionals (NA)
Co-Listing: Charlie Parker
REMAX Professionals (NA)

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