19-unit ocean-view townhome opportunity in Departure Bay. This 0.88-acre parcel is the subject of City of Nanaimo rezoning application RA000521 from R5 to R7 Row House Residential. Council has passed third reading of Zoning Amendment Bylaw 4500.250; final adoption remains outstanding and subject to completion of rezoning conditions. The submitted concept contemplates 19 three-bedroom rowhouse homes at a site-specific 0.75 FAR, with two- and three-storey forms designed to respond to neighbourhood views. Survey, concept site plan, elevations and perspectives are available in the development package. The existing renovated 4-bedroom, 3-bathroom, 2,746 sq. ft. residence offers interim use or potential holding income while a buyer completes due diligence and approvals. Central Departure Bay location near the beach, BC Ferries, schools, shopping and recreation. All development potential, dimensions, servicing, approvals, GST and intended use must be independently verified by the buyer.
Address
2565 Departure Bay Rd
List Price
$1,999,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Departure Bay
Bedrooms
4
Bathrooms
3
Floor Area
2,746 Sq. Ft.
Lot Size
38332.8 Sq. Ft.
Lot Size (Acres)
0.88 Ac.
Year Built
1951
MLS® Number
1049983
Listing Brokerage
460 Realty Inc. (NA)
Basement Area
Partially Finished
Postal Code
V9S 3W2
Tax Amount
$9,637.00
Tax Year
2026
Features
Breakfast Nook, Dining Room, Dining/Living Combo, Heat Pump, Mixed
Amenities
Acreage, Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Ground Level Main Floor, Landscaped, Near Golf Course, Park Setting, Quiet Area, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk, Storage Shed, Workshop