Lot for sale
5611/5621 Hammond Bay Rd, Nanaimo
$2,998,000
Features
Lot Size
148,104 sqft
Gross Property Tax
$8,508 /year
Zoning
R10
Additional Features
Central Location, Easy Access, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sloping, In Wooded Area
Description
Located steps from transit and within walking distance to both Frank J. Ney Elementary and Dover Secondary, this North Nanaimo development lot is in a prime location. The City of Nanaimo’s R10 zoning allows for up to 16 multifamily units per hectare (buyer to verify), and a home on the property could be rented to generate monthly income while preparing for development. The sloping topography of the lot provides the opportunity for spectacular ocean views for a portion of the units to add even more value.
MLS® Number 929313