19-unit ocean-view townhome opportunity in Departure Bay. This 0.88-acre parcel is the subject of City of Nanaimo rezoning application RA000521 from R5 to R7 Row House Residential. Council has passed third reading of Zoning Amendment Bylaw 4500.250; final adoption remains outstanding and subject to completion of rezoning conditions. The submitted concept contemplates 19 three-bedroom rowhouse homes at a site-specific 0.75 FAR, with two- and three-storey forms designed to respond to neighbourhood views. Survey, concept site plan, elevations and perspectives are available in the development package. The existing renovated 4-bedroom, 3-bathroom, 2,746 sq. ft. residence offers interim use or potential holding income while a buyer completes due diligence and approvals. Central Departure Bay location near the beach, BC Ferries, schools, shopping and recreation. All development potential, dimensions, servicing, approvals, GST and intended use must be independently verified by the buyer. (id:44056)

Property Details

Full Address:
2565 Departure Bay Rd, Nanaimo, British Columbia
Price:
$ 1,999,900
MLS Number:
1049983
List Date:
September 17th, 2026
Lot Size:
0.88 ac
Year Built:
1951
Taxes:
$ 9,637

Interior Features

Bedrooms:
4
Bathrooms:
3
Total Rooms:
Air Conditioning:
Air Conditioned
Heating:
Heat Pump
Fireplaces:
1

Building Features

Zoning:
Residential
Garage:
Garage
Garage Spaces:
6
Ownership Type:
Freehold
Taxes:
$ 9,637

Floors

Finished Area:
2746 sq.ft.

Land

View:
Mountain view, Ocean view
Lot Size:
0.88 ac
Lot Features:
Acreage, Central location, Park setting, Corner Site, Other, Rectangular

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Cody Dreger Personal Real Estate Corporation 460 Realty Inc. (NA)
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Listing Agent(s)

Lead Agent: Cody Dreger
Office: 460 Realty Inc. (NA)
Originating Board: Vancouver Island Real Estate Board
Co-Listing: Dustin Layzell
460 Realty Inc. (NA)

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