Strategic investment opportunity in one of Nanaimo's most desirable neighbourhoods. This 1.7-acre ocean-view property includes a 5-bedroom, 3-bath home offering immediate rental income with an option to add a basement suite for a great holding property while planning your next project. With R10 zoning supporting up to 16 units per hectare, the site is ideal for future townhome or duplex development. The gently sloping terrain offers excellent ocean-view exposure, and mature, saleable timber on the property provides revenue or offsets development costs. Located minutes from schools, parks, shopping, and transit, this property combines short-term income potential with long-term redevelopment upside -an exceptional opportunity for builders and investors alike. Can be purchased as a package with MLS: 1020314 All data and measurements approximate; buyers to verify if important.
For sale
C$1,200,000
5621 Hammond Bay Rd, Nanaimo, BC V9T 5N2
5beds
3baths
2,600sqft
Single Family Residence
Built in 1972
1.7 Acres Lot
$-- Zestimate®
C$462/sqft
C$-- HOA
What's special
Ocean-view propertyGently sloping terrainExcellent ocean-view exposure
- 272 days |
- 24 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Jory Cole,
REMAX Professionals (NA),
Charlie Parker Personal Real Estate Corporation,
REMAX Professionals (NA)
Source: VIVA,MLS®#: 1020319
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 3
Kitchen
- Level: Main
Heating
- Hot Water, Oil
Cooling
- None
Appliances
- Included: Dryer, F/S/W/D, Refrigerator, Washer
- Laundry: Inside
Features
- Dining Room, Eating Area, Storage, Workshop
- Flooring: Mixed
- Windows: Aluminum Frames
- Basement: Full,Walk-Out Access,With Windows
- Number of fireplaces: 2
- Fireplace features: Family Room, Living Room, Wood Burning
Interior area
- Total structure area: 2,890
- Total interior livable area: 2,600 sqft
Property
Parking
- Total spaces: 5
- Parking features: Additional Parking, Carport Double, Driveway
- Carport spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Entrance
Features
- Entry location: Ground Level
- Patio & porch: Balcony/Deck
Lot
- Size: 1.7 Acres
- Features: Central Location, Easy Access, Family-Oriented Neighbourhood, Recreation Nearby, Serviced
Details
- Parcel number: 004572122
- Zoning: R10
- Zoning description: Multi-Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Slab
- Roof: Shake
Condition
- Resale
- New construction: No
- Year built: 1972
Utilities & green energy
- Water: Municipal
- Utilities for property: Natural Gas Available
Community & HOA
Community
- Features: Family-Oriented Neighbourhood
Location
- Region: Nanaimo
Financial & listing details
- Price per square foot: C$462/sqft
- Tax assessed value: C$945,000
- Annual tax amount: C$6,529
- Date on market: 11/13/2025
- Ownership: Freehold
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2025 | Listed for sale | C$1,200,000C$462/sqft |
Source: VIVA #1020319 Report a problem | ||
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: North Slope
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
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