5611/5621 Hammond Bay Rd new Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9T 5N2
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 981085
Rental Info Unrestricted
Annual Tax Amount $9,610
Tax Year 2024
Lot Size 3.400 Acres
Acres 3.4
Property Description
This rare 3.4-acre property in North Nanaimo offers an outstanding multifamily development opportunity across two titled lots. 5211 Hammond Bay Rd is a 1.7-acre vacant parcel ready for development, while 5621 Hammond Bay Rd includes a vacant 5 bed 3 bath home with suite potential on the property to generate rental income and offset costs during planning. Additionally, mature timber on the property offers potential revenue. The R10 zoning of the property supports up to 16 units per hectare, ideal for townhomes or duplexes. The property’s sloping terrain presents the opportunity for ocean-view units. Located in a family-friendly area near schools, parks, and public transit, it’s a walkable and desirable area for redevelopment. All measurements approximate; buyers to verify if important.
Location
Province BC
County Nanaimo, City Of
Area Nanaimo
Zoning R10
Interior
Heating Hot Water,Oil
Cooling None
Flooring Mixed
Inclusions Real Estate
Heat Source Hot Water,Oil
Exterior
Exterior Feature Fencing: Partial
Parking On Site 1
View Y/N Yes
View Ocean
Total Parking Spaces 5
Building
Lot Description Central Location,Easy Access,Family-Oriented Neighbourhood,Private,Recreation Nearby,Serviced,Shopping Nearby
Building Description Brick,Frame Wood,Stucco,Wood, Basement,Laundry Room,Parking,Shopping Nearby,Transit Nearby,Workshop
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Brick,Frame Wood,Stucco,Wood
Others
Pets Allowed Yes
Tax ID 004-572-131
Ownership Freehold
Acceptable Financing Agreement for Sale
Listing Terms Agreement for Sale