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.
Address
2555 Departure Bay Rd
List Price
$851,800
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Departure Bay
Bedrooms
5
Bathrooms
2
Floor Area
3,151 Sq. Ft.
Lot Size
23626.8 Sq. Ft.
Lot Size (Acres)
0.54 Ac.
Year Built
1951
MLS® Number
1037668
Listing Brokerage
eXp Realty (NA)
Basement Area
Finished, Walk-Out Access, With Windows
Postal Code
V9S 3W2
Tax Amount
$5,258.00
Tax Year
2025
Features
Dishwasher, Dryer, Forced Air, Hardwood, Natural Gas, Oven/Range Electric, Refrigerator, Washer
Amenities
Central Location, Easy Access, Family-Oriented Neighbourhood, Fencing: Full, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Rectangular Lot, Serviced