$575,000
3796 Departure Bay Rd
Nanaimo, BC
About this property
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. (id:66946)
Features
Listing courtesy of Royal LePage Nanaimo Realty (NanIsHwyN). Data provided by the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed.