3796 Departure Bay Rd
Nanaimo, British Columbia
MLS® 1042257
$575,000
- Status
- Active
- Property type
- House
- MLS® number
- 1042257
- Bedrooms
- 1
- Bathrooms
- 1
- Year built
- 1956
1 / 15Listing description
Prime development opportunity in the heart of Departure Bay! Situated on a 7,500 SF corner lot and zoned R5, this property offers outstanding potential for developers, investors, or buyers seeking future upside with zoning that allows for up to 4 units. The property features an older 1 bedroom, 1 bathroom home currently owner occupied and ideal as a holding property while redevelopment plans are underway.
Excellent revenue potential during the planning process. Located in one of Nanaimo’s most desirable neighbourhoods, directly across from an elementary school and just 2 blocks to the high school, with shopping, parks, beaches, transit, and amenities all nearby. Rare opportunity to secure a well-located redevelopment site in an established, high-demand area.
Property summary
- MLS® number
- 1042257
- Property type
- Single Family
- Building type
- House
- Square footage
- 574 sq ft
- Title
- Freehold
- Land size
- 7500 square feet
- Built in
- 1956
- Annual property taxes
- $3,253.00
- Parking
- 3 spaces
- Days on market
- 51 days
Features & details
- Heating
- Heat Pump, Electric
- Cooling
- Fully air conditioned
- Lot features
- Central location, Curb & gutter, Corner Site, See remarks, Other
- Architectural style
- Contemporary
What would this home cost you?
Based on the $575,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal LePage Nanaimo Realty (NanIsHwyN), Nanaimo.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.