2555 Departure Bay Rd in Nanaimo: Na Departure Bay Single Family Residence for sale : MLS®# 1023990

Full of opportunity! At just over half an acre, this property in one of Nanaimo’s most desirable neighborhoods is a developer’s dream. With rezoning on the horizon, the future is wide open: consider building two fourplexes, keeping the existing 3,100 sq.ft. home while subdividing the back for two new builds, or partner with the neighboring lot for a multi-family townhome project - up to 29 units possible (preliminary sketches available). The current 5-bedroom, 2-bathroom home could also provide rental income as you plan your next move. Situated in scenic Departure Bay, the property offers ocean views and walkable beach access - ideal for both future residents and investors. Rarely does a parcel this size become available in such a central, high-growth location. Don’t miss your chance to shape the future of this vibrant seaside community!

General Info:

Property Type:: Residential

Type:: Single Family Residence

Year built:: 1951 (Age: 75)

Close Price Lease Total:: Signup

Existing Lease Expiry:: Signup

Living Area:: 3,151 sq. ft.293 m2

Listing General Location:: Na Departure Bay, Nanaimo

Bedrooms:: 5

Bathrooms:: 2.0 (Full:-/Half:-)

Lot Size:: 0.542 acre(s)0.22 hectare(s)

Kitchens:: 1

Taxes:: Signup

Additional Info:

Construction:: Frame Wood, Insulation All

New Construction:: No

Basement:: Finished, Walk-Out Access, With Windows

Foundation:: Concrete Perimeter

Electricity:: Yes

Roof:: Asphalt Shingle

Ceiling Heights:: Signup

Floor finish:: Hardwood

Total Building Area:: 3,650 sq. ft.339 m2

Total Unfinished Area:: 499 sq. ft.46.4 m2

Commercial Area:: Signup

# Bedrooms or Dens Total:: 6

# Main Level Bedrooms:: 3

# Second Level Bedrooms:: 0

# Third Level Bedrooms:: 0

# Lower Level Bedrooms:: 2

# Other Level Bedrooms:: 0

# Main Level Bathrooms:: 1

# Second Level Bathrooms:: 0

# Third Level Bathrooms:: 0

# Lower Level Bathrooms:: 1

# Other Level Bathrooms:: 0

# Main Level Kitchens:: 1

# Second Level Kitchens:: 0

# Third Level Kitchens:: 0

# Lower Level Kitchens:: 0

# Other Level Kitchens:: 0

Living Area Lower Floor:: 1,553 sq. ft.144 m2

Living Area Main Floor:: 1,598 sq. ft.148 m2

Living Area Other Floor:: 0 sq. ft.0 m2

Living Area 2nd Floor:: 0 sq. ft.0 m2

Living Area 3rd Floor:: 0 sq. ft.0 m2

Fireplaces:: 1

Fireplace Details:: Family Room

Laundry Features:: In House

Water supply:: Municipal

Sewer:: Sewer Connected

Cooling:: None

Heating:: Forced Air, Natural Gas

Fireplace:: Yes

Warranty:: No

More Info Available:

Pending Date:: Signup

Appliances Included:

Dishwasher, Dryer, Oven/Range Electric, Refrigerator, Washer

Exterior Features:

Fencing: Full

View:

Mountain(s), Ocean

Entry Location:

Main Level

Minimum Age:

BBQ Allowed:

Yes

Smoking Bylaw:

Rent Allowed:

Unrestricted

Room Information:

Floor
Type
Size
Other

Main Floor

Lower Level

Bathrooms:

Floor
Ensuite
Pieces
Other

Main Floor

Lower Level

Financial Info:

Financing Notes:: Signup

Assessed:: Signup

Assessment year:: Signup

Approximate Inventory Value:: Signup

Fixed Equipment Approx. Value:: Signup

Goodwill Approx. Value:: Signup

Gross Income:: Signup

Net Operating Income:: Signup

Association Fee:: Signup

Association Fee Frequency:: Signup

Legal Info:

Jurisdiction name:: City of Nanaimo

Legal Description:: Signup

Zoning:: R1

Other Details:

Units in Building:: Signup

Units in Community:: Signup

Number of 2 piece baths:: 0

Number of 3 piece baths:: 1

Number of 4 piece baths:: 0

Number of 5 piece baths:: 1

Number of 2 piece Ensuites:: 0

Number of 3 piece Ensuites:: 0

Number of 4 piece Ensuites:: 0

Occupancy:: Vacant

Property Condition:: Resale

Land Info:

Utilities:: Cable Connected, Electricity Connected, Garbage, Natural Gas Connected, Phone Connected, Recycling

Exposure / Faces:: East

Layout:: Main Level Entry with Lower Level(s)

Lot Site Features:: Central Location, Easy Access, Family-Oriented Neighbourhood, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Rectangular Lot, Serviced