$699,900 FOR SALE

Detached

Bedrooms: 5Bathrooms: 3

3561 Departure Bay Rd
Nanaimo, BC V9T 1C3 | Departure Bay

DEVELOPMENT POTENTIAL! This property is rare in that it can actually take advantage of the new higher density regulations now in place! 4 units in two separate buildings is permitted under the new community plan. Realistically, the main house is best suited to the main house with a suite (a second unit in the existing home would require you to bring the entire home up to current standards). The city says a second residence could have two separate strata titled properties. The way this home is sited will easily permit a second residential building to be built. The original 3 bedroom, 2.5 bathroom home is circa 1980 and is clean and move in ready. The retro flair is carried throughout the home so if you enjoy that look, this home is for you. Simply move in and do improvements as you have time & budget. With a little updating, you can have a spectacular home. A suite is easily done as there is already a separate entrance, in fact 2 of them, that will help get that mortgage helper completed in no time. Under the Secondary suite incentive program, homeowners who qualify will receive up to 50% of the cost of renovations, up to a maximum of $40,000. The program will provide a rebate in the form of a forgivable loan—a loan that does not need to be repaid if the homeowner follows the terms of the program. Please go to https://www.bchousing.org/housing-assistance/secondary-suite for complete details. Don't miss out on this wonderful property located in desirable Departure Bay. Its on a bus route with the harbour just a short walk away- two elementary and one secondary school all within walking distance. Grocery store and drug store just a couple of minutes away. Come & view today- you wont be disappointed. Sale subject to probate and probate is expected around the end of September 2024. (id:47423)

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Listed By Royal LePage Nanaimo Realty (NanIsHwyN)
Data Provided By Vancouver Island Real Estate Board
MLS® Listing Number 976097
Last Updated Sep 13, 2024
Property Summary
Property Type Detached

More like this:
Neighbourhood Departure Bay
Price History
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Detailed Information
Bedrooms 5
Bathrooms 3
Features Central location, Level lot, Southern exposure, Corner Site, Other, Rectangular
Listing Contract Date 2024-09-13
Municipal ID 000-228-494
Ownership Type Freehold
# of Parking Spaces 4
Property Type Single Family
Structures Shed
Transaction Type For sale
Zoning Description R1
Zoning Residential
Building
Appliances Refrigerator, Stove, Washer, Dryer
Constructed Date 1979
Cooling Type None
Fireplace Present Yes
# of Fireplaces 1
Heating Fuel Electric
Heating Type Baseboard heaters
Total Finished Area 1944 sqft
Type House
Rooms
Room Level Dimensions Notes
DenLower level12'4 x 7'8
Laundry roomLower level11'1 x 11'2
BathroomLower level2-Piece
BedroomLower level7'9 x 9'11
BedroomLower level7'10 x 9'8
Recreation roomLower level12'2 x 17'3
WorkshopLower level7'10 x 3'9
BathroomMain level4-Piece
EnsuiteMain level3-Piece
BedroomMain level10'6 x 9'6
BedroomMain level10'11 x 8'8
Primary BedroomMain level9'11 x 12'3
KitchenMain level10 ft x Measurements not available
Dining roomMain level10'6 x 8'6
Living roomMain level13'9 x 17'5
Land
Total Size 8858 square feet
Access Type Road access
Size of Irregular Land 8858

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