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5611/5621 Hammond Bay Rd Nanaimo, British Columbia V9T 5N2

None Hot Water Acreage

$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

BusinessType Other
BusinessSubType Other

Property Details

MLS® Number 981085
Property Type Multi-family
Neigbourhood North Nanaimo
Features Central Location, Private Setting, Other
ParkingSpaceTotal 5
ViewType Ocean View

Building

CoolingType None
HeatingFuel Oil
HeatingType Hot Water
SizeExterior 2600 Sqft
Type Multi-family

Land

AccessType Road Access
Acreage Yes
SizeIrregular 3.4
SizeTotal 3.4 Ac
SizeTotalText 3.4 Ac
ZoningDescription R10
ZoningType Unknown

https://www.realtor.ca/real-estate/27674592/56115621-hammond-bay-rd-nanaimo-north-nanaimo

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Charlie Parker
Personal Real Estate Corporation

RE/MAX Of Nanaimo
#1 - 5140 Metral Drive
Nanaimo, British Columbia V9T 2K8

Jory Cole

RE/MAX Of Nanaimo
#1 - 5140 Metral Drive
Nanaimo, British Columbia V9T 2K8

Graeme Parker
Personal Real Estate Corporation

RE/MAX Of Nanaimo
#1 - 5140 Metral Drive
Nanaimo, British Columbia V9T 2K8

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November 26 2024 08:02:13

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