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!
Address
2555 Departure Bay Rd
List Price
$915,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Departure Bay
Bedrooms
5
Bathrooms
2
Floor Area
3,151 Sq. Ft.
Lot Size
23626.8 Sq. Ft.
Lot Size (Acres)
0.54 Ac.
Year Built
1951
MLS® Number
1023990
Listing Brokerage
eXp Realty (NA)
Basement Area
Finished, Walk-Out Access, With Windows
Postal Code
V9S 3W2
Tax Amount
$5,258.07
Tax Year
2025
Features
Dishwasher, Dryer, Forced Air, Hardwood, Natural Gas, Oven/Range Electric, Refrigerator, Washer
Amenities
Central Location, Easy Access, Family-Oriented Neighbourhood, Fencing: Full, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Rectangular Lot, Serviced
