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2555 Departure Bay Rd
Nanaimo British Columbia V9S3W2 Canada

$1,100,000

Active Listing ID 984870
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5 bed
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3,650 square feet
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2.00 Bath
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Single Family

$1,100,000

Active Listing ID 984870
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2555 Departure Bay Rd This 23, 640 sq. ft. property offers endless development potential in one of Nanaimo’s most sought-after areas. Whether you envision constructing two fourplexes, retaining the existing home and subdividing the back lot for two spec homes, or pursuing a land assembly with the neighboring lot to create multifamily townhomes (up to 29 units), the possibilities are yours to explore. The property currently features a 3, 100 sq. ft. home with 5 bedrooms and 2 bathrooms, generating rental income as you plan your next investment move. Situated in the desirable Departure Bay neighborhood, this property boasts ocean views and is within walking distance to the beach. This is a rare chance to develop in a vibrant area with significant growth potential. Preliminary design sketches regarding land assembly are availalbe. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Single Family
  • Features
  • Cooling System: None
  • Heating Systems: Forced air, Natural gas
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 2/19/2025 9:40:51 PM GMT
Source Updated Date: 2/20/2025 4:09:18 AM GMT

Courtesy of: Kate Philpott, , eXp Realty (NA)