Active
5611/5621 Hammond Bay Rd
Nanaimo BC, V9T 5N2
$2,298,000
$883.85 per sqft
Active
2,600 sqft
Commercial
This rare 3.4-acre property in North Nanaimo offers an outstanding multifamily development opportunity across two titled lots. 5211 Hammond Bay Rd is a 1.7-acre vacant parcel ready for development, while 5621 Hammond Bay Rd includes a vacant 5 bed 3 bath home with suite potential on the property to generate rental income and offset costs during planning. Additionally, mature timber on the property offers potential revenue. The R10 zoning of the property supports up to 16 units per hectare, ideal for townhomes or duplexes. The property's sloping terrain presents the opportunity for ocean-view units. Located in a family-friendly area near schools, parks, and public transit, it's a walkable and desirable area for redevelopment. All measurements approximate; buyers to verify if important.
981085
MLSⓇ ID
November 21, 2024
Listed
November 26, 2024
Updated
Map
5611/5621 Hammond Bay Rd
Nanaimo BC, V9T 5N2
Interior Features
Floor Description
Mixed
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Hot Water, Oil
Exterior/Building Features
Lot Size
3.4 Acres
Exterior Features
Fencing: Partial
Lot Features
Central Location, Easy Access, Family-Oriented Neighbourhood, Private, Recreation Nearby, Serviced, Shopping Nearby
Sewer
Sewer Connected
Other Property Details
Area Name
Nanaimo
Taxes
$9,610
Tax Frequency
Annually
Days on Market
5
Garage
No
Parking
On Site
Parking Total
5
View
Yes
View Description
Ocean
County
Nanaimo, City of
Water Source
Municipal
Pool
No
Zoning
R10
Exclusive Listing Agents
Charlie Parker
Courtesy of RE/MAX of Nanaimo, Charlie Parker
Listing Contact: 250-751-1223
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