Description
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.
Property Details
| Property Type | Residential |
| Property Sub Type | Single Family Detached |
| Listing ID | 1036781 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na Departure Bay |
| Postal Code | V9T 1C4 |
| Property Taxes | $3,252.00 (2025) |
| Parking Total | 3 |
| Zoning | R5 |
| Facing | South |
| Water | Municipal |
| Sewer | Sewer Connected |
| Heating | Electric,Heat Pump |
| Cooling | HVAC |
| Exterior Features | Fenced |
| Construction | Frame Wood |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Basement | Not Full Height,Walk-Out Access |
| Laundry | In House |
| Listed Date | May 14, 2026 |
| Ownership | Freehold |
| Lot Size | 0.17 acres |
Rooms
| Room | Level | Dimensions | Description |
|---|---|---|---|
| Bathroom | Main level | 4-Piece | |
| Dining room | Main level | 8\'9 x 6\'5 | |
| Entrance | Main level | 7\'5 x 3\'9 | |
| Kitchen | Main level | 8\'6 x 7\'7 | |
| Living room | Main level | Measurements not available x 9 ft | |
| Primary Bedroom | Main level | 11\'6 x 8\'9 |
Building Details
| Architectural Style | Contemporary |
| Heating | Heat Pump |
| Heating Fuel | Electric |
| Stories | -1 |
Additional Information
| Features | Central location, Curb & gutter, Corner Site, See remarks, Other |
| Land Size | 7500 sqft |
| Land Access | Road access |
| Building Type | House |
| Interior Size | 574 sqft |
| Transaction | For sale |