Property Details: - Type: Single Family Residence - Bedrooms: 5 - Bathrooms: 2 - MLS#: 1037668 Listed By: EXP REALTY (NA)

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! This single family residence home located at 2555 Departure Bay Road, Nanaimo is currently for sale and has been available on Zolo.ca for 2 days. This property is listed at $872,880 with an estimated mortgage of $3,213* per month. It has 5 beds, 2 bathrooms, and is 3,650 square feet. The property was built in 1951. 2555 Departure Bay Road, Nanaimo is in the Departure Bay neighborhood Nanaimo.