5611/5621 Hammond Bay Rd Nanaimo, British Columbia V9T 5N2
$2,298,000
This rare 3.4-acre property in North Nanaimo offers an outstanding multifamily development opportunity across two titled lots. 5211 Hammond Bay Rd is a 1.7-acre vacant parcel ready for development, while 5621 Hammond Bay Rd includes a vacant 5 bed 3 bath home with suite potential on the property to generate rental income and offset costs during planning. Additionally, mature timber on the property offers potential revenue. The R10 zoning of the property supports up to 16 units per hectare, ideal for townhomes or duplexes. The property’s sloping terrain presents the opportunity for ocean-view units. Located in a family-friendly area near schools, parks, and public transit, it’s a walkable and desirable area for redevelopment. All measurements approximate; buyers to verify if important. (id:32872)
Business
| Business Type | Other |
| Business Sub Type | Other |
Property Details
| MLS® Number | 981085 |
| Property Type | Multi-family |
| Neigbourhood | North Nanaimo |
| Features | Central Location, Private Setting, Other |
| Parking Space Total | 5 |
| View Type | Ocean View |
Building
| Cooling Type | None |
| Heating Fuel | Oil |
| Heating Type | Hot Water |
| Size Exterior | 2600 Sqft |
| Type | Multi-family |
Land
| Access Type | Road Access |
| Acreage | Yes |
| Size Irregular | 3.4 |
| Size Total | 3.4 Ac |
| Size Total Text | 3.4 Ac |
| Zoning Description | R10 |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/27674592/56115621-hammond-bay-rd-nanaimo-north-nanaimo
Interested?
Contact us for more information
Charlie Parker
Personal Real Estate Corporation
www.charlieparker.ca/
#1 - 5140 Metral Drive
Nanaimo, British Columbia V9T 2K8
(250) 751-1223
(800) 916-9229
(250) 751-1300
www.remaxofnanaimo.com/
Jory Cole
#1 - 5140 Metral Drive
Nanaimo, British Columbia V9T 2K8
(250) 751-1223
(800) 916-9229
(250) 751-1300
www.remaxofnanaimo.com/
Graeme Parker
Personal Real Estate Corporation
www.charlieparker.ca/
#1 - 5140 Metral Drive
Nanaimo, British Columbia V9T 2K8
(250) 751-1223
(800) 916-9229
(250) 751-1300
www.remaxofnanaimo.com/
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November 21 2024 11:22:14
Vancouver Island Real Estate Board
RE/MAX Of Nanaimo