Find us on...
Share on...
Dashboard
- 5 Beds
- 2 Baths
- 3,151 Sqft
- .54 Acres
New Search X
2555 Departure Bay Rd
– $1,100,000
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.
Essential Information
- MLS® #984870
- Price$1,100,000
- Bedrooms5
- Bathrooms2
- Square Footage3,151
- Acres0.54
- Year Built1951
- TypeResidential
- Sub-TypeSingle Family Detached
- StatusActive
- Taxes$4,985
- Tax Year2024
Community Information
- Address2555 Departure Bay Rd
- AreaNa Departure Bay
- CityNanaimo
- CountyNanaimo, City of
- ProvinceBC
- Postal CodeV9S 3W2
Amenities
- Parking Spaces6
- # of Garages1
- ViewMountain(s), Ocean
- Additional AccommodationPotential
Utilities
Cable To Lot, Electricity To Lot, Garbage, Natural Gas To Lot, Phone To Lot, Recycling
Parking
Driveway, Garage, RV Access/Parking
Interior
- HeatingForced Air, Natural Gas
- CoolingNone
- FireplaceYes
- # of Fireplaces1
- FireplacesFamily Room
Appliances
Dishwasher, Dryer, Oven/Range Electric, Refrigerator, Washer
Exterior
- Exterior FeaturesFencing: Full
- RoofAsphalt Shingle
- ConstructionFrame Wood, Insulation All
- FoundationPoured Concrete
Additional Information
- Listing OfficeeXp Realty (NA)
- Date ListedJanuary 20th, 2025
- Days on Market59
- ZoningR1
NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. The website must only be used by consumers for the purpose of locating and purchasing real estate.