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This 0 bedroom, 0 bathroom multi family is listed for sale at $1,749,000 in Nanaimo, British Columbia. Built in 1959. Lot size: 142,877 sq ft (3.28 acres).MLS® #1045072.
Rare 3.28-acre redevelopment opportunity in Nanaimo's prestigious Hammond Bay neighbourhood. Zoned R10, this rare offering presents excellent potential for a range of residential development opportunities, including subdivision or townhouse development. The R10 Zone permits residential density of up to 16 dwelling units per hectare.
With approximately 100 metres of frontage and a gently sloping site, the property offers a strong development opportunity in one of Nanaimo's most desirable neighbourhoods (buyers to verify development potential with the City of Nanaimo). Existing improvements include an updated 5-bedroom character home, detached garage/shop, and a 2018 built accessory building that is plumbed and wired for a detached suite, providing holding income potential. Ideally located near shopping, schools, transit, Departure Bay, Neck Point Park, and Pipers Lagoon.
Data and measurements are approximate and should be verified if important
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Property Type
Multi Family
Year Built
1959
Lot Size
142,877 sq ft(3.28 acres)
Bedrooms
0
Bathrooms
0
Area
Nanaimo
Neighborhood
Departure Bay
Listed
Aug 4, 2026
MLS® Number
#1045072
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 ReportRare 3.28-acre redevelopment opportunity in Nanaimo's prestigious Hammond Bay neighbourhood. Zoned R10, this rare offering presents excellent potential for a range of residential development opportunities, including subdivision or townhouse development. The R10 Zone permits residential density of up to 16 dwelling units per hectare.
With approximately 100 metres of frontage and a gently sloping site, the property offers a strong development opportunity in one of Nanaimo's most desirable neighbourhoods (buyers to verify development potential with the City of Nanaimo). Existing improvements include an updated 5-bedroom character home, detached garage/shop, and a 2018 built accessory building that is plumbed and wired for a detached suite, providing holding income potential. Ideally located near shopping, schools, transit, Departure Bay, Neck Point Park, and Pipers Lagoon.
Data and measurements are approximate and should be verified if important

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.
~$10,245
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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