Full of opportunity! Just over half an acre in one of Nanaimo’s most desirable neighbourhoods, this property offers exceptional potential for investors, developers, and visionary buyers. Explore rezoning possibilities and create a project tailored to your goals - multi-family, subdivision, or custom concept - this rare parcel offers flexibility and future potential. The 3,100 sq.ft. home features 5 beds and 2 baths, offering rental potential or comfortable living while plans take shape. Or perhaps the future's already here - move in and enjoy your own private retreat by the sea, with ocean views and room to grow. Located in scenic Departure Bay, this property enjoys walkable beach access in a central, established neighbourhood. Don't miss this chance to secure a prime piece of Departure Bay and make the most of its many possibilities. Vendor willing to offer financing up to 75% of purchase price on an open term (no prepayment penalty) with rates from 5.99% for approved deals.
Data was last updated October 6, 2026 at 02:05 PM (UTC)
Area Statistics
Listings on market:
75
Avg list price:
$825,000
Min list price:
$285,000
Max list price:
$3,250,000
Avg days on market:
49
Min days on market:
4
Max days on market:
390
Avg price per sq.ft.:
$395.42
These statistics are generated based on the current listing's property type
and located in
Na Departure Bay. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
