Property Description

Exceptional 3.28-acre development opportunity in Nanaimo's highly sought-after Hammond Bay neighbourhood. Zoned R10, this prime site offers outstanding redevelopment potential for a variety of residential development concepts, including subdivision or townhouse development. The R10 Zone permits residential density of up to 16 dwelling units per hectare. Featuring approximately 100 metres of frontage and a gently sloping topography, the property offers an excellent foundation for future planning and redevelopment (buyers to verify development potential with the City of Nanaimo). Existing improvements include an updated 5-bedroom character home, detached garage/shop, and a 2018 built accessory building that is plumbed and wired for a detached suite, providing valuable holding income while development approvals are pursued. Ideally positioned just minutes from shopping, schools, transit, Departure Bay, Neck Point Park, Pipers Lagoon, and other North Nanaimo amenities. A rare opportunity to secure one of the area's premier development sites in an established and continually growing neighbourhood. All measurements, sizes, and data are approximate and should be verified if important (id:7434)