Multi-family for sale
5611/5621 Hammond Bay Rd, Nanaimo
$2,298,000
$2,298,000
Multi-family for sale
5611/5621 Hammond Bay Rd, Nanaimo
Features
Floor Area
2,600 sqft
Lot Size
148,104 sqft
Gross Property Tax
$9,610.34 /year
Zoning
R10
Amenities
Fencing: Partial, Basement, Laundry Room, Parking, Shopping Nearby, Transit Nearby, Workshop
View
Ocean
Additional Features
Central Location, Easy Access, Family-Oriented Neighbourhood, Private, Recreation Nearby, Serviced, Shopping Nearby
Description
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.
MLS® Number 981085