$575,000

3796 Departure Bay Road, Nanaimo V9T1C4

1 Bed 1.0 Bath 574 Sq Ft Built 1956

Detached

Listed by: Royal LePage Nanaimo Realty (NanIsHwyN).

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Description

Prime development opportunity in the heart of Departure Bay! Situated on a 7,500 SF corner lot and zoned R5, this property offers outstanding potential for developers, investors, or buyers seeking future upside with zoning that allows for up to 4 units. The property features an older 1 bedroom, 1 bathroom home currently owner occupied and ideal as a holding property while redevelopment plans are underway. Excellent revenue potential during the planning process. Located in one of Nanaimo’s most desirable neighbourhoods, directly across from an elementary school and just 2 blocks to the high school, with shopping, parks, beaches, transit, and amenities all nearby. Rare opportunity to secure a well-located redevelopment site in an established, high-demand area. (id:66934)

Location

Approximate location supplied by the listing data provider.

Features

Parking Spaces: 3

Structure: House

Annual Taxes: $3,253

Lot Size: 7500.0

Property Details

Property Type	Detached
Sub Type	Single Family
Bedrooms	1
Bathrooms	1.0
Living Area	574 sq ft
Lot Size	7,500 sq ft
Year Built	1956
Parking	3 spaces
Listing ID	1042257

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