Exceptional 14,000 sq ft oceanview lot in the highly desirable Departure Bay community. Designated under COR1 zoning, this property aligns with Nanaimo’s Official Community Plan for higher-density residential development. Ideally located near Nanaimo Golf Club, Brooks Landing Mall, and Departure Bay Beach, it offers excellent access to recreation and amenities. A legal duplex currently generates solid rental income from two 2-bedroom suites, providing a valuable holding asset. Preliminary potential for 20–22 residential units makes this a standout opportunity for multi-family or townhome development. Rarely do high-density parcels become available in such a sought-after area. Seize this chance to invest or expand in Nanaimo’s thriving market. Contact us today to explore the possibilities. Buyer to verify density, zoning, and building plans with the City of Nanaimo.
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Exceptional 14,000 sq ft oceanview lot in the highly desirable Departure Bay community. Designated under COR1 zoning, this property aligns with Nanaimo’s Official Community Plan for higher-density residential development. Ideally located near Nanaimo Golf Club, Brooks Landing Mall, and Departure Bay Beach, it offers excellent access to recreation and amenities. A legal duplex currently generates solid rental income from two 2-bedroom suites, providing a valuable holding asset. Preliminary potential for 20–22 residential units makes this a standout opportunity for multi-family or townhome development. Rarely do high-density parcels become available in such a sought-after area. Seize this chance to invest or expand in Nanaimo’s thriving market. Contact us today to explore the possibilities. Buyer to verify density, zoning, and building plans with the City of Nanaimo.
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