3796 Departure Bay Rd, Nanaimo, British Columbia

$575,000

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1

Bed

1

Bath

574

Square feet

0.17

Acres

About 3796 Departure Bay Rd

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. (id:36535)

Features of 3796 Departure Bay Rd

Listing # 1042257
Price $575,000
Bedrooms 1
Bathrooms 1.00
Square Footage 574
Acres 0.17
Year Built 1956
Type Single Family
Sub-Type Freehold
Style Contemporary

Community Information

Address 3796 Departure Bay Rd
Subdivision Departure Bay
City Nanaimo
Province British Columbia
Postal Code V9T1C4

Amenities

Features Central location, Curb & gutter, Corner Site, See remarks, Other
Parking Spaces 3
Is Waterfront No
Has Pool No

Interior

Heating Electric Heat Pump
Cooling Fully air conditioned
Fireplace No
Has Basement No

Additional Information

Zoning Residential

Listing Details

OfficeCourtesy Of Royal LePage Nanaimo Realty (NanIsHwyN)

Listing Map