5611/5621 Hammond Bay Rd

Multi Family For Sale in Na North Nanaimo, Nanaimo

$2,298,000
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 Commercial Sale
Type of Dwelling Multi Family
Area Nanaimo
Sub-Area Na North Nanaimo
Lot Size 148104 Sq. Ft.
Lot Size Acres 3.4 Ac.
MLS® Number 981085
Listing Brokerage RE/MAX of Nanaimo
Postal Code V9T 5N2
Tax Amount $9,610
Tax Year 2024
Features Hot Water, Mixed, Oil
Amenities Central Location, Easy Access, Family-Oriented Neighbourhood, Fencing: Partial, Private, Recreation Nearby, Serviced, Shopping Nearby

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Jan & Tom

Royal LePage Nanaimo Realty

4200 Island Highway North Nanaimo BC V9T1W6

Mobile: (250) 816-3899

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