Lot for sale

5611/5621 Hammond Bay Rd, Nanaimo

$2,998,000 or
$2,998,000 or

Lot for sale

5611/5621 Hammond Bay Rd, Nanaimo

Features

Lifestyle
929313 2998000 /en/lot~for-sale~nanaimo/929313?view=Summary /en/lot~for-sale~nanaimo/929313/photos 49.2332700000 -124.0107300000 true
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
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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

Listing REALTOR®

Derek Gillette, REALTOR<sup>®</sup>

Derek Gillette

REALTOR®

eXp Realty

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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