2555 Departure Bay Rd in Nanaimo: Na Departure Bay Single Family Residence for sale : MLS®# 984870

Rezoning is on the horizon with this 23,640 sq/ft. property that offers endless development potential in one of Nanaimo’s most sought-after areas. Whether you envision constructing two fourplexes, retaining the existing home and subdividing the back lot for two spec homes, or pursuing a land assembly with the neighboring lot to create multifamily townhomes (up to 29 units), the possibilities are yours to explore. The property currently features a 3,100 sq. ft. home with 5 bedrooms and 2 bathrooms, generating rental income as you plan your next investment move. Situated in the desirable Departure Bay neighborhood, this property boasts ocean views and is within walking distance to the beach. This is a rare chance to develop in a vibrant area with significant growth potential. Preliminary design sketches regarding land assembly are available.

General Info:

Property Type:: Residential

Type:: Single Family Residence

Year built:: 1951 (Age: 74)

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:: 1.0 (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:: 0

# 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

Additional Accommodations:: Potential

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

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:: 0

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

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