2555 Departure Bay Rd
Nanaimo
V9S 3W2
$1,050,000
Residential
beds: 5
baths: 2.0
3,151 sq. ft.
built: 1951
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 994534
- Bedrooms:
- 5
- Bathrooms:
- 2
- Year Built:
- 1951
- Photos (47)
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Rezoning is on the horizon with this 23,640 sq/ft. property that offers endless development potential in one of Nanaimo’s most sought-after areas. Whether you envision constructing two fourplexes, retaining the existing home and subdividing the back lot for two spec homes, or pursuing a land assembly with the neighboring lot to create multifamily townhomes (up to 29 units), the possibilities are yours to explore. The property currently features a 3,100 sq. ft. home with 5 bedrooms and 2 bathrooms, generating rental income as you plan your next investment move. Situated in the desirable Departure Bay neighborhood, this property boasts ocean views and is within walking distance to the beach. This is a rare chance to develop in a vibrant area with significant growth potential. Preliminary design sketches regarding land assembly are available.
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1951 (Age: 74)
- Living Area:
- 3,151 sq. ft.
- Listing General Location:
- Na Departure Bay, Nanaimo
- Bedrooms:
- 5
- Bathrooms:
- 2.0 (Full:-/Half:-)
- Lot Size:
- 0.542 acre(s)
- Kitchens:
- 1
- Construction:
- Frame Wood, Insulation All
- New Construction:
- No
- Basement:
- Finished, Walk-Out Access, With Windows
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Roof:
- Asphalt Shingle
- Floor finish:
- Hardwood
- Total Building Area:
- 3,650 sq. ft.
- Total Unfinished Area:
- 499 sq. ft.
- # Bedrooms or Dens Total:
- 6
- # Main Level Bedrooms:
- 3
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 2
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 1
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 1,553 sq. ft.
- Living Area Main Floor:
- 1,598 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 1
- Fireplace Details:
- Family Room
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Additional Accommodations:
- Potential
- Cooling:
- None
- Heating:
- Forced Air, Natural Gas
- Fireplace:
- Yes
- Warranty:
- No
- Dishwasher, Dryer, Oven/Range Electric, Refrigerator, Washer
- Fencing: Full
- Mountain(s), Ocean
- Main Level
- 0
- Yes
- No
- Unrestricted
- Jurisdiction name:
- City of Nanaimo
- Zoning:
- R1
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 1
- Number of 4 piece baths:
- 0
- Number of 5 piece baths:
- 1
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Occupancy:
- Tenant
- Property Condition:
- Resale
- Utilities:
- Cable Connected, Electricity Connected, Garbage, Natural Gas Connected, Phone Connected, Recycling
- Exposure / Faces:
- East
- Layout:
- Main Level Entry with Lower Level(s)
- Lot Site Features:
- Central Location, Easy Access, Family-Oriented Neighbourhood, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Rectangular Lot, Serviced
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 1
- Garage:
- Yes
- Parking Features:
- Driveway, Garage, RV Access/Parking
- Total Parking Spaces:
- 6
- Road Surface Type:
- Paved
- Date Listed:
- Apr 07, 2025
- Original Price:
- 1050000.0
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Listed by eXp Realty (NA)
Data was last updated April 29, 2025 at 12:05 AM (UTC)
Area Statistics
- Listings on market:
- 74
- Avg list price:
- $849,450
- Min list price:
- $290,000
- Max list price:
- $2,995,000
- Avg days on market:
- 37
- Min days on market:
- 3
- Max days on market:
- 228
- Avg price per sq.ft.:
- $435.46
These statistics are generated based on the current listing's property type
and located in
Na Departure Bay. Average values are
derived using median calculations.
- MARTIN VELSEN
- RE/MAX OF NANAIMO
- 1 (250) 3272324
- Contact by Email
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