Strategic investment opportunity in one of Nanaimo's most desirable neighbourhoods. This 1.7-acre ocean-view property includes a 5-bedroom, 3-bath home offering immediate rental income with an option to add a basement suite for a great holding property while planning your next project. With R10 zoning supporting up to 16 units per hectare, the site is ideal for future townhome or duplex development. The gently sloping terrain offers excellent ocean-view exposure, and mature, saleable timber on the property provides revenue or offsets development costs. Located minutes from schools, parks, shopping, and transit, this property combines short-term income potential with long-term redevelopment upside -an exceptional opportunity for builders and investors alike. Can be purchased as a package with MLS: 1020314 All data and measurements approximate; buyers to verify if important.

Interior Features Of 5621 Hammond Bay, North Nanaimo, Nanaimo

Dining Room, Eating Area, Storage, Workshop

Appliances Included:

F/S/W/D

Exterior Features Of 5621 Hammond Bay, North Nanaimo, Nanaimo

Balcony/Deck

Lot Features Of 5621 Hammond Bay, North Nanaimo, Nanaimo

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

Listed by REMAX Professionals (NA).

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.