Strategic investment opportunity in one of Nanaimo's most desirable neighbourhoods. This 1.7-acre ocean-view property includes a 5-bedroom, 3-bath home offering immediate rental income with an option to add a basement suite for a great holding property while planning your next project. With R10 zoning supporting up to 16 units per hectare, the site is ideal for future townhome or duplex development. The gently sloping terrain offers excellent ocean-view exposure, and mature, saleable timber on the property provides revenue or offsets development costs. Located minutes from schools, parks, shopping, and transit, this property combines short-term income potential with long-term redevelopment upside -an exceptional opportunity for builders and investors alike. Can be purchased as a package with MLS: 1020314 All data and measurements approximate; buyers to verify if important.
Address
5621 Hammond Bay Rd
List Price
$1,200,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na North Nanaimo
Bedrooms
5
Bathrooms
3
Floor Area
2,600 Sq. Ft.
Lot Size
74052 Sq. Ft.
Lot Size (Acres)
1.7 Ac.
Year Built
1972
MLS® Number
1020319
Listing Brokerage
REMAX Professionals (NA)
Basement Area
Full, Walk-Out Access, With Windows
Postal Code
V9T 5N2
Tax Amount
$6,529.39
Tax Year
2025
Features
Aluminum Frames, Dining Room, Eating Area, F/S/W/D, Hot Water, Mixed, Oil, Storage, Workshop
Amenities
Accessible Entrance, Balcony/Deck, Central Location, Easy Access, Family-Oriented Neighbourhood, Recreation Nearby, Serviced