2555 Departure Bay Rd

Key facts

• Property type: Single Family
• Structure: House
• Transaction: For Sale
• Price: $872,880
• Bedrooms: 5
• Bathrooms: 2
• Interior size: 3,151 sqft
• Lot size: 0.54
• Year built: 1951
• Parking: 6

Listing overview

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! (id:25314)