3796 Departure Bay Rd is a 1 bed, 1 bath Single Family Residence listed at $575,000 in Departure Bay, Nanaimo. Built in 1956. 574 sqft of living space. 12 days on market. Listed by Royal LePage Nanaimo Realty (NanIsHwyN). MLS® 1042257.
$575,000 · Single Family Residence · 1 bed · 1 bath · 574 sqft · MLS® 1042257
Prime development opportunity in the heart of Departure Bay! Situated on a 7,500 SF corner lot and zoned R5, this property offers outstanding potential for developers, investors, or buyers seeking future upside with zoning that allows for up to 4 units. The property features an older 1 bedroom, 1 bathroom home currently owner occupied and ideal as a holding property while redevelopment plans are underway. Excellent revenue potential during the planning process. Located in one of Nanaimo’s most desirable neighbourhoods, directly across from an elementary school and just 2 blocks to the high school, with shopping, parks, beaches, transit, and amenities all nearby. Rare opportunity to secure a well-located redevelopment site in an established, high-demand area.
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