3796 Departure Bay Road

$629,000 | Departure Bay, Nanaimo

About this House

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.

Exterior Features Of 3796 Departure Bay, Departure Bay, Nanaimo

Fenced

Lot Features Of 3796 Departure Bay, Departure Bay, Nanaimo

Central Location, Corner Lot, Curb & Gutter, Easy Access, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk, See Remarks

Location Features:

Transit Nearby

Listed by Royal LePage Nanaimo Realty (NanIsHwyN).

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Disclaimer: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Call us at 778.535.5554 or fill out the form below.

MLS® Reciprocity Brought to you by your friendly REALTORS® through the MLS® System, courtesy of BrixWork for Realtors for your convenience.
Disclaimer: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.