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.

Interior Features Of 5611/5621 Hammond Bay, North Nanaimo, Nanaimo

Dining Room, Eating Area, Storage, Workshop

Appliances Included:

F/S/W/D

Exterior Features Of 5611/5621 Hammond Bay, North Nanaimo, Nanaimo

Balcony/Deck

Lot Features Of 5611/5621 Hammond Bay, North Nanaimo, Nanaimo

Central Location, Easy Access, Family-Oriented Neighbourhood, Recreation Nearby, Serviced

Listed by REMAX Professionals.

Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Jahelka Real Estate Group for your convenience.

Disclaimer: This representation is based in whole or in part on data generated by the VIREB Vancouver Island Real Estate Board which assumes no responsibility for its accuracy. Trademark owned or controlled by The Canadian Real Estate Association. Used under license.