2555 Departure Bay Rd

Full of opportunity!  At just over half an acre, this property in one of Nanaimo’s most desirable neighborhoods is a developer’s dream. With rezoning on the horizon, the future is wide open: consider building two fourplexes, keeping the existing 3,100 sq.ft. home while subdividing the back for two new builds, or partner with the neighboring lot for a multi-family townhome project - up to 29 units possible (preliminary sketches available). The current 5-bedroom, 2-bathroom home could also provide rental income as you plan your next move.  Situated in scenic Departure Bay, the property offers ocean views and walkab… (continued online)