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This 5 bedroom, 2 bathroom single family is listed for sale at $889,000 in Nanaimo, British Columbia. The property offers 3151.00 square feet of living space. Built in 1951. Lot size: 23,522 sq ft (0.54 acres).MLS® #1023990.
Full of opportunity!
At just over half an acre, this property in one of Nanaimo’s most desirable neighborhoods is a developer’s dream. With rezoning on the horizon, the future is wide open: consider building two fourplexes, keeping the existing 3,100 sq.ft. home while subdividing the back for two new builds, or partner with the neighboring lot for a multi-family townhome project - up to 29 units possible (preliminary sketches available). The current 5-bedroom, 2-bathroom home could also provide rental income as you plan your next move.
Situated in scenic Departure Bay, the property offers ocean views and walkable beach access - ideal for both future residents and investors. Rarely does a parcel this size become available in such a central, high-growth location.
Don’t miss your chance to shape the future of this vibrant seaside community!
Property features include: Dishwasher, Dryer, Oven/Range Electric, Refrigerator, Washer.
Looking for homes for sale in Nanaimo? Browse Nanaimo real estate listings,residential properties, and Vancouver Island homes on IslandSold.com. Part of the Nanaimo area.
Property Type
Single Family
Year Built
1951
Interior Size
3,151 sq ft
Lot Size
23,522 sq ft(0.54 acres)
Bedrooms
5
Bathrooms
2
Area
Nanaimo
Neighborhood
Departure Bay
MLS® Number
#1023990
View comprehensive market analysis for Departure 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 Departure Bay Rd Market ReportFull of opportunity!
At just over half an acre, this property in one of Nanaimo’s most desirable neighborhoods is a developer’s dream. With rezoning on the horizon, the future is wide open: consider building two fourplexes, keeping the existing 3,100 sq.ft. home while subdividing the back for two new builds, or partner with the neighboring lot for a multi-family townhome project - up to 29 units possible (preliminary sketches available). The current 5-bedroom, 2-bathroom home could also provide rental income as you plan your next move.
Situated in scenic Departure Bay, the property offers ocean views and walkable beach access - ideal for both future residents and investors. Rarely does a parcel this size become available in such a central, high-growth location.
Don’t miss your chance to shape the future of this vibrant seaside community!

Dallas King
Personal Real Estate Corporation
RE/MAX Generation
Discover more properties and explore the Nanaimo community, including the Departure Bay neighborhood.
Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$5,945
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
Learn about the Prepared Buyer Program →Discover other great communities in the area
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