About 5611/5621 Hammond Bay Rd
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.
Features of 5611/5621 Hammond Bay Rd
| MLS® # | 981085 |
|---|---|
| Price | $2,298,000 |
| Square Footage | 2,600 |
| Acres | 3.40 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 5611/5621 Hammond Bay Rd |
|---|---|
| Area | Na North Nanaimo |
| City | Nanaimo |
| County | Nanaimo, City of |
| Province | BC |
| Postal Code | V9T 5N2 |
Amenities
| Parking Spaces | 5 |
|---|---|
| View | Ocean |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Hot Water, Oil |
|---|---|
| Cooling | None |
| Fireplace | No |
Exterior
| Exterior Features | Fencing: Partial |
|---|---|
| Construction | Brick, Frame Wood, Stucco, Wood |
| Foundation | Poured Concrete |
Additional Information
| Date Listed | November 20th, 2024 |
|---|---|
| Days on Market | 151 |
| Zoning | R10 |
Listing Details
| Office | RE/MAX of Nanaimo |
|---|