Rare 3.28-acre redevelopment opportunity in Nanaimo's prestigious Hammond Bay neighbourhood. Zoned R10, this rare offering presents excellent potential for a range of residential development opportunities, including subdivision or townhouse development. The R10 Zone permits residential density of up to 16 dwelling units per hectare. With approximately 100 metres of frontage and a gently sloping site, the property offers a strong development opportunity in one of Nanaimo's most desirable neighbourhoods (buyers to verify development potential with the City of Nanaimo). Existing improvements include an updated 5-bedroom character home, detached garage/shop, and a 2018 built accessory building that is plumbed and wired for a detached suite, providing holding income potential. Ideally located near shopping, schools, transit, Departure Bay, Neck Point Park, and Pipers Lagoon. Data and measurements are approximate and should be verified if important