This 5 bedroom, 3 bathroom single family is listed for sale at $1,200,000 in Nanaimo, British Columbia. The property offers 2600.00 square feet of living space. Built in 1972. Lot size: 1.70.MLS® #1020319.
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.
Property features include: Workshop.
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Property Type
Single Family
Year Built
1972
Interior Size
2,600 sq ft
Lot Size
74,052 sq ft(1.70 acres)
Bedrooms
5
Bathrooms
3
Area
Nanaimo
Neighborhood
Na North Nanaimo
Listed
Nov 13, 2025
MLS® Number
#1020319
View comprehensive market analysis for Hammond Bay Rd including recent sales, pricing trends, and days on market statistics. Compare this property with other homes on the same street to better understand the local market.
View Hammond Bay Rd Market ReportStrategic 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.
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