Full of Opportunity! At just over half an acre, this property in one of Nanaimo’s most desirable neighbourhoods offers exceptional potential for investors, developers, and visionary buyers alike. The expansive lot presents an opportunity to explore rezoning and create a project tailored to your goals. Whether you're considering a multi-family development, subdivision potential, or a custom build-to-suit concept, this rare property offers flexibility and future potential. The existing 3,100 sq.ft. home offers 5 bedrooms and 2 bathrooms and could provide valuable rental income while future plans take shape. Or perhaps the future is already here - move in and enjoy your own private retreat by the sea, with ocean views and room to grow. Situated in scenic Departure Bay, the property is just a short stroll away from the beach - an appealing setting for future residents and a sought-after location for long-term investment. Parcels of this size are rarely available in such a central, established neighbourhood. Don't miss this chance to secure a prime piece of Departure Bay and make the most of its many possibilities. Vendor willing to offer financing up to 75% of purchase price on an open term (no prepayment penalty) with rates from 5.99% for approved deals. (id:44056)

Property Details

Full Address:
2555 Departure Bay Rd, Nanaimo, British Columbia
Price:
$ 849,900
MLS Number:
1050509
List Date:
September 23rd, 2026
Lot Size:
0.54 ac
Year Built:
1951
Taxes:
$ 5,528

Interior Features

Bedrooms:
5
Bathrooms:
2
Total Rooms:
Appliances:
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
Air Conditioning:
None
Heating:
Forced air, Natural gas
Fireplaces:
1

Building Features

Zoning:
Residential
Zoning Detail:
R1
Garage:
Garage, RV
Garage Spaces:
6
Ownership Type:
Freehold
Taxes:
$ 5,528

Floors

Finished Area:
3151 sq.ft.

Land

View:
Mountain view, Ocean view
Lot Size:
0.54 ac
Lot Features:
Central location, Level lot, Other, Rectangular, Marine Oriented

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Dean Philpott Personal Real Estate Corporation eXp Realty (NA)
250-816-5431
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Listing Agent(s)

Lead Agent: Dean Philpott
Office: eXp Realty (NA)
Originating Board: Vancouver Island Real Estate Board

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