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.

Exterior Features Of 3796 Departure Bay, Departure Bay, Nanaimo

Fenced

Lot Features Of 3796 Departure Bay, Departure Bay, Nanaimo

Central Location, Corner Lot, Curb & Gutter, Easy Access, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk, See Remarks

Location Features:

Transit Nearby

Listed by Royal LePage Nanaimo Realty (NanIsHwyN).

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.