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.
Layout Ground Level Entry With Main Up
Lot features Central Location, Easy Access, Family-Oriented Neighbourhood, Recreation Nearby, Serviced
Heating Hot Water, Oil
Flooring Mixed
Roof Shake
Parking Spaces 5
Exterior features Balcony/Deck
Interior features Dining Room, Eating Area, Storage, Workshop
Parking Type Additional Parking, Carport Double, Driveway
Kitchens1
Laundry FeatureIn House
Fireplace DescriptionFamily Room, Living Room, Wood Burning
Taxes$9,610
Rentals Allowed Unrestricted
Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Days on Market24