Whether you're searching for a turnkey investment, mortgage helper, or spacious multigenerational home, this extensively renovated North Nanaimo property offers exceptional flexibility and value. Currently generating **approximately $4,900/month in rental income**, this 2,474 sq. ft. home features 5 bedrooms, 5 bathrooms, and a fully permitted suite in one of Nanaimo's most sought-after neighbourhoods.
Completely overhauled from the studs out in 2019, this home combines the peace of mind of modern construction with the character of an established community. The renovation was comprehensive, including all new plumbing, electrical, insulation, drywall, paint, flooring, kitchens, bathrooms, cabinetry, tile, windows, ductwork, and contemporary finishes throughout. Separate high-efficiency furnaces, hot water tanks, gas meters, electrical meters, and in-suite laundry provide true independence between the upper and lower living spaces, while engineered sound transfer mitigation ensures exceptional privacy. Electric fireplaces add warmth and style to both suites.
The extensive updates continue with a new roof, sheathing, and shingles completed in 2022, along with upgraded attic insulation for improved energy efficiency. Outside, professionally landscaped grounds with attractive concrete retaining walls enhance both curb appeal and functionality.
Situated in one of North Nanaimo's most convenient locations, you'll enjoy quick access to excellent schools, shopping, restaurants, recreation, parks, beaches, and every major amenity. With extensive renovations already complete, separate services for each suite, and strong existing rental income, this is a rare opportunity to own a turnkey property offering outstanding versatility for homeowners, multigenerational families, and investors alike.
Measurements are approximate and should be verified if fundamental.
Address
5620 Hammond Bay Rd
List Price
$888,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na North Nanaimo
Bedrooms
5
Bathrooms
5
Floor Area
2,474 Sq. Ft.
Lot Size
6522 Sq. Ft.
Lot Size (Acres)
0.15 Ac.
Year Built
1970
MLS® Number
1045012
Listing Brokerage
REMAX Professionals (NA)
Basement Area
Finished, Full
Postal Code
V9T 5N2
Tax Amount
$5,937.18
Tax Year
2026
Features
Forced Air, Mixed, Natural Gas
Amenities
Easy Access, Low Maintenance Yard, No Through Road, Sidewalk