Prime development opportunity in the heart of Departure Bay! Situated on a 7,500 SF corner lot and zoned R5, this property offers outstanding potential for developers, investors, or buyers seeking future upside with zoning that allows for up to 4 units. The property features an older 1 bedroom, 1 bathroom home currently owner occupied and ideal as a holding property while redevelopment plans are underway. Excellent revenue potential during the planning process. Located in one of Nanaimo’s most desirable neighbourhoods, directly across from an elementary school and just 2 blocks to the high school, with shopping, parks, beaches, transit, and amenities all nearby. Rare opportunity to secure a well-located redevelopment site in an established, high-demand area.
For sale
C$575,000
3796 Departure Bay Rd, Nanaimo, BC V9T 1C4
1beds
1baths
574sqft
Single Family Residence
Built in 1956
7,405 Square Feet Lot
$-- Zestimate®
C$1,002/sqft
C$-- HOA
What's special
- 98 days
- 19
- 1
Zillow last checked:
Listing updated:
Listed by:
Lee Robinson,
Royal LePage Nanaimo Realty (NanIsHwyN)
Source: VIVA,MLS®#: 1042257
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Kitchen
- Level: Main
Heating
- Electric, Heat Pump
Cooling
- HVAC
Appliances
- Laundry: Inside
Features
- Basement: Not Full Height,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 1,113
- Total interior livable area: 574 sqft
Property
Parking
- Total spaces: 3
- Parking features: Open, RV Access/Parking
- Has uncovered spaces: Yes
Features
- Entry location: Ground Level
- Fencing: Fenced
Lot
- Size: 7,405 Square Feet
- Features: Central Location, Corner Lot, Curb & Gutter, Easy Access, Recreation Nearby, Serviced, Shopping Nearby, See Remarks
Details
- Parcel number: 000456144
- Zoning: R5
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Frame Wood
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
Condition
- Fixer
- New construction: No
- Year built: 1956
Utilities & green energy
- Water: Municipal
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Nanaimo
Financial & listing details
- Price per square foot: C$1,002/sqft
- Tax assessed value: C$4,677,400
- Annual tax amount: C$3,253
- Date on market: 7/6/2026
- Listing terms: Must Be Paid Off
- Ownership: Freehold
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Listed for sale | C$575,000C$1,002/sqft |
Source: VIVA #1042257 Report a problem | ||
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: Linley Valley
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
Similar homes
- C$569,9002 bd1 ba800 sqft430 Drake St, Nanaimo, BC V9S 2S9For Sale
MLS ID #1051573, Ryan Andrew, Royal LePage Nanaimo Realty (NanIsHwyN). VIVA - C$475,0001 bd1 ba567 sqft3129 Departure Bay Rd, Nanaimo, BC V9T 1B6For Sale
MLS ID #1048865, Stuart Mckinnon, REMAX Professionals (NA). VIVA - C$599,9002 bd1 ba812 sqft315 Holly Ave, Nanaimo, BC V9S 3M3For Sale
MLS ID #1050399, Nita Sihota Personal Real Estate Corporation, Sutton Group-West Coast Realty (Nan). VIVA - C$599,9002 bd1 ba812 sqft307 Holly Ave, Nanaimo, BC V9S 3M3For Sale
MLS ID #1050395, Nita Sihota Personal Real Estate Corporation, Sutton Group-West Coast Realty (Nan). VIVA
