5611/5621 Hammond Bay Rd Nanaimo, British Columbia V9T 5N2
$2,298,000
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. (id:59116)
Business
| BusinessType | Other |
| BusinessSubType | Other |
Property Details
| MLS® Number | 981085 |
| Property Type | Multi-family |
| Neigbourhood | North Nanaimo |
| Features | Central Location, Private Setting, Other |
| ParkingSpaceTotal | 5 |
| ViewType | Ocean View |
Building
| CoolingType | None |
| HeatingFuel | Oil |
| HeatingType | Hot Water |
| SizeExterior | 2600 Sqft |
| Type | Multi-family |
Land
| AccessType | Road Access |
| Acreage | Yes |
| SizeIrregular | 3.4 |
| SizeTotal | 3.4 Ac |
| SizeTotalText | 3.4 Ac |
| ZoningDescription | R10 |
| ZoningType | Unknown |
https://www.realtor.ca/real-estate/27674592/56115621-hammond-bay-rd-nanaimo-north-nanaimo
Interested?
Contact us for more information
Charlie Parker
Personal Real Estate Corporation
#1 - 5140 Metral Drive
Nanaimo, British Columbia V9T 2K8
Jory Cole
#1 - 5140 Metral Drive
Nanaimo, British Columbia V9T 2K8
Graeme Parker
Personal Real Estate Corporation
#1 - 5140 Metral Drive
Nanaimo, British Columbia V9T 2K8
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 22 2024 10:41:57
Vancouver Island Real Estate Board
RE/MAX Of Nanaimo
