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 provides 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.
Address
2555 Departure Bay Rd
List Price
$959,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
sale
Area
Nanaimo
Sub-Area
Na Departure Bay
Bedrooms
5
Bathrooms
2
Floor Area
3,151 Sq. Ft.
Lot Size
23626.8 Sq. Ft.
Lot Size (Acres)
0.54 Ac.
Year Built
1951
MLS® Number
1006760
Listing Brokerage
eXp Realty (NA)
Basement Area
Finished, Walk-Out Access, With Windows
Postal Code
V9S 3W2
Tax Amount
$4,984.79
Tax Year
2024
Features
Dishwasher, Dryer, Forced Air, Hardwood, Natural Gas, Oven/Range Electric, Refrigerator, Washer
Amenities
Central Location, Easy Access, Family-Oriented Neighbourhood, Fencing: Full, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Rectangular Lot, Serviced