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.
Address
5611/5621 Hammond Bay Rd
List Price
$2,298,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Nanaimo
Sub-Area
Na North Nanaimo
Bedrooms
5
Bathrooms
3
Floor Area
2,600 Sq. Ft.
Lot Size
148104 Sq. Ft.
Lot Size (Acres)
3.4 Ac.
Year Built
1972
MLS® Number
981062
Listing Brokerage
RE/MAX of Nanaimo
Basement Area
Full, Walk-Out Access, With Windows
Postal Code
V9T 5N2
Tax Amount
$9,610.00
Tax Year
2024
Features
Aluminum Frames, Dining Room, Eating Area, F/S/W/D, Hot Water, Mixed, Oil, Storage, Workshop
Amenities
Accessible Entrance, Balcony/Deck, Central Location, Easy Access, Family-Oriented Neighbourhood, Recreation Nearby, Serviced