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 |
| 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 |
