Homes for sale - 5611/5621 Hammond Bay Rd, Nanaimo, BC V9T 5N2

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Sean Carrie

sean.carrie@engelvoelkers.com +1(250) 884-3498

$ 2,298,000

Est. payment -/mo

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5611/5621 Hammond Bay Rd Nanaimo, BC V9T 5N2

3.4 Acres Lot

UPDATED:

11/22/2024 09:24 PM

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

Listed by RE/MAX of Nanaimo

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Sean Carrie

Advisor

+1(250) 884-3498

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