C$575,000

3796 Departure Bay Rd, Nanaimo BC, V9T 1C4

Price per sqftC$1,001.74

Built in1956

Property size574 sqft

Property typeResidential

Courtesy of Royal LePage Nanaimo Realty (NanIsHwyN)

Overview

Active

Listed Jul 2, 2026

Updated Jul 7

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.

Additional information

MLS^® ID: 1042257

Interior Features

Bedrooms: 1
Bathrooms: 1
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.17 Acres

Other Property Details

Taxes: $3,253
Tax Frequency: Annually
Pets Allowed: Yes

Courtesy of Royal LePage Nanaimo Realty (NanIsHwyN), Lee Robinson

Listing Contact: 250-327-8988

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