This rare 3.4-acre property in North Nanaimo offers an outstanding multifamily development opportunity across two titled lots. 5211 Hammond Bay Rd is a 1.7-acre vacant parcel ready for development, while 5621 Hammond Bay Rd includes a vacant 5 bed 3 bath home with suite potential on the property to generate rental income and offset costs during planning. Additionally, mature timber on the property offers potential revenue. The R10 zoning of the property supports up to 16 units per hectare, ideal for townhomes or duplexes. The property’s sloping terrain presents the opportunity for ocean-view units. Located in a family-friendly area near schools, parks, and public transit, it’s a walkable and desirable area for redevelopment. All measurements approximate; buyers to verify if important. (id:47423)
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Detailed Information
Bedrooms
5
Bathrooms
3
Features
Central location, Other
Listing Contract Date
2024-11-20
Municipal ID
004-572-131
Ownership Type
Freehold
# of Parking Spaces
5
Property Type
Single Family
Transaction Type
For sale
Zoning Description
R10
Zoning
Multi-Family
Building
Appliances
Refrigerator, Stove, Washer, Dryer
Constructed Date
1972
Cooling Type
None
Fireplace Present
Yes
# of Fireplaces
2
Heating Fuel
Oil
Heating Type
Hot Water
Total Finished Area
2600 sqft
Type
House
Rooms
Room
Level
Dimensions
Notes
Recreation room
Lower level
28'0 x 11'9
Storage
Lower level
6'9 x 5'1
Entrance
Lower level
8'4 x 7'6
Storage
Lower level
15'5 x 13'4
Bathroom
Lower level
4'7 x 9'6
Bedroom
Lower level
9'9 x 9'6
Bedroom
Lower level
9'9 x 9'6
Living room
Main level
28'9 x 12'4
Dining room
Main level
11'5 x 9'0
Ensuite
Main level
5'3 x 5'2
Primary Bedroom
Main level
15'7 x 13'3
Bathroom
Main level
6'10 x 9'10
Bedroom
Main level
11'10 x 9'10
Bedroom
Main level
11'0 x 9'10
Kitchen
Main level
11'6 x 12'4
Land
Total Size
3.4 acres
Access Type
Road access
Acreage
Yes
Size of Irregular Land
3.4
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