3796 Departure Bay Road, Nanaimo, BC, V9T 1C4

Property Details: - Type: Single Family Residence - Bedrooms: 1 - Bathrooms: 1 - MLS#: 1042257 Listed By: ROYAL LEPAGE NANAIMO REALTY (NANISHWYN)

Prime development opportunity in the heart of Departure Bay! Situated on a 7,500 SF corner lot and zoned R5, this property offers outstanding potential for developers, investors, or buyers seeking future upside with zoning that allows for up to 4 units. The property features an older 1 bedroom, 1 bathroom home currently owner occupied and ideal as a holding property while redevelopment plans are underway. Excellent revenue potential during the planning process. Located in one of Nanaimo’s most desirable neighbourhoods, directly across from an elementary school and just 2 blocks to the high school, with shopping, parks, beaches, transit, and amenities all nearby. Rare opportunity to secure a well-located redevelopment site in an established, high-demand area. This single family residence home located at 3796 Departure Bay Road, Nanaimo is currently for sale and has been available on Zolo.ca for 4 days. This property is listed at $575,000 with an estimated mortgage of $2,116* per month. It has 1 bed, 1 bathroom, and is 1,113 square feet. The property was built in 1956. 3796 Departure Bay Road, Nanaimo is in the Departure Bay neighborhood Nanaimo.