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Alex Burns

alex@victoriahomes.com +1(250) 882-3335

Listed by Jory Cole REMAX Professionals (NA)

$ 1,200,000

Est. payment | -/mo

5 Beds

3 Baths

2,600 SqFt

Save

$ 1,200,000

Est. payment | -/mo

Save

5 Beds

3 Baths

2,600 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,600 sqft

Price per Sqft $461

MLS Listing ID 1020319

Style Ground Level Entry With Main Up

Bedrooms 5

Three Quarter Bath 1

HOA Y/N No

Year Built 1972

Annual Tax Amount $6,529

Tax Year 2025

Lot Size 1.700 Acres

Acres 1.7

Property Sub-Type Single Family Residence

Property Description

Strategic investment opportunity in one of Nanaimo's most desirable neighbourhoods. This 1.7-acre ocean-view property includes a 5-bedroom, 3-bath home offering immediate rental income with an option to add a basement suite for a great holding property while planning your next project. With R10 zoning supporting up to 16 units per hectare, the site is ideal for future townhome or duplex development. The gently sloping terrain offers excellent ocean-view exposure, and mature, saleable timber on the property provides revenue or offsets development costs. Located minutes from schools, parks, shopping, and transit, this property combines short-term income potential with long-term redevelopment upside -an exceptional opportunity for builders and investors alike. Can be purchased as a package with MLS: 1020314 All data and measurements approximate; buyers to verify if important.

Location

Province BC

County Nanaimo, City Of

Community Na North Nanaimo

Area Nanaimo

Zoning R10

Rooms

Kitchen 1

Interior

Interior Features Dining Room, Eating Area, Storage, Workshop

Heating Hot Water, Oil

Cooling None

Flooring Mixed

Fireplaces Number 2

Fireplaces Type Family Room, Living Room, Wood Burning

Fireplace Yes

Window Features Aluminum Frames

Appliance Dryer, F/S/W/D, Refrigerator, Washer

Laundry In House

Exterior

Exterior Feature Balcony/Deck

Parking Features Additional Parking, Carport Double, Driveway

Garage Spaces 5.0

Utilities Available Natural Gas Available

View Y/N No

Roof Type Shake

Street Surface Paved

Accessibility Accessible Entrance

Total Parking Spaces 5

Garage No

Building

Lot Description Central Location, Easy Access, Family-Oriented Neighbourhood, Recreation Nearby, Serviced

Foundation Slab

Sewer Sewer Connected

Water Municipal

Others

Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Restrictions ALR: No,Easement/Right of Way

Ownership Freehold

Special Listing Condition Resale

Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Nearby School & Business

+1(250) 882-3335

alex@victoriahomes.com

3440 Douglas St, # 202, Victoria, Canada

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5621 Hammond Bay Rd Nanaimo, BC V9T 5N2