Property Attributes
- MLS#1042257
- TypeSingle Family
- Listing Status Active
- CityNanaimo
- AreaNanaimo
- NeighbourhoodNa Departure Bay
- Postal CodeV9T 1C4
- StyleContemporary
- Year Built1956
- Taxes$ 3253
- Price$ 575,000
- Bedrooms1
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage574
- Lot Size0.17 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property Description
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.
General Features
| Living Area | 574.00 |
|---|---|
| Sewer | Sewer Connected |
| Heating | Electric,Heat Pump |
| Cooling | HVAC |
| Roof | Asphalt Shingle |
| Pets Allowed | Aquariums,Birds,Caged Mammals,Cats,Dogs |
| Zoning | R5 |
| Architectural Style | Contemporary |
| Property Subtype | Single Family Detached |
| Property Type | Residential |
| Parking Total | 3 |
| Construction Materials | Frame Wood |
| Zoning Type | Residential |
| Bathrooms Count Main Level | 1 |
Interior Features
| Basement | Not Full Height,Walk-Out Access |
|---|---|
| Basement Y/N | Yes |
| Total Kitchens | 1 |
| Laundry Features | In House |
| Living Area Third | 0.00 |
| Living Area Second | 0.00 |
| Living Area Other | 0.00 |
| Living Area Main | 574.00 |
| Living Area Lower | 539.00 |
| Kitchens Count Main Level | 1 |
| Building Area Unfinished | 539.00 |
| Bedrooms Or Dens Total | 1 |
| Bedrooms Count Main Level | 1 |
| Bed And Breakfast | None |
| Bath 4 Piece Total | 1 |
| Basement Height Feet | 6 |
Exterior Features
| Building Features | Transit Nearby |
|---|---|
| Exterior Features | Fenced |
| Lot Features | Central Location,Corner,Curb & Gutter,Easy Access,Recreation Nearby,Serviced,Shopping Nearby,Sidewalk,See Remarks |
| Water Source | Municipal |
| Parking Features | Open,RV Access/Parking |
| Foundation | Poured Concrete |
| Building Area Total | 1113.00 |
| Lot Size Square Feet | 7500.00 |
| Lot Size Acres | 0.17 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in V9T 1C4
In The Neighbourhood
Nanaimo
$ 1,175,000
- Type
- Single Family
- Size
- 3,281 SqFt
- Rooms
- 4 Beds + 3 Baths
Nanaimo
$ 724,900
- Type
- Single Family
- Size
- 2,298 SqFt
- Rooms
- 5 Beds + 2 Baths
Nanaimo
$ 999,000
- Type
- Single Family
- Size
- 2,970 SqFt
- Rooms
- 3 Beds + 3 Baths
Nanaimo
$ 735,000
- Type
- Single Family
- Size
- 2,719 SqFt
- Rooms
- 5 Beds + 3 Baths
Nanaimo
$ 1,350,000
- Type
- Single Family
- Size
- 2,752 SqFt
- Rooms
- 3 Beds + 4 Baths
Nanaimo
$ 1,099,995
- Type
- Single Family
- Size
- 2,520 SqFt
- Rooms
- 3 Beds + 3 Baths
Nanaimo
$ 1,039,000
- Type
- Single Family
- Size
- 3,275 SqFt
- Rooms
- 4 Beds + 3 Baths
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