$1,200,000 | North Nanaimo Nanaimo for Sale at 5621 Hammond Bay Rd Nanaimo

Explore 5621 Hammond Bay Rd, a Desirable North Nanaimo home for sale for $1,200,000! This North Nanaimo for sale in Nanaimo has been listed on Real-Estate.ca for 62 days under MLS® #1020319. This home is a 2,600 square foot Single Family built in 1972 with 5 bedrooms and 3.00 bathrooms. Explore the Nanaimo real estate market and available North Nanaimo homes for sale!

Strategic investment opportunity in one of Nanaimo's most desirable neighbourhoods. This 1.7-acre ocean-view property includes a 5-bedroom, 3-bath home offering immediate rental income with an option to add a basement suite for a great holding property while planning your next project. With R10 zoning supporting up to 16 units per hectare, the site is ideal for future townhome or duplex development. The gently sloping terrain offers excellent ocean-view exposure, and mature, saleable timber on the property provides revenue or offsets development costs. Located minutes from schools, parks, shopping, and transit, this property combines short-term income potential with long-term redevelopment upside -an exceptional opportunity for builders and investors alike. Can be purchased as a package with MLS: 1020314 All data and measurements approximate; buyers to verify if important. (id:6289)

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