Royal LePage Nanaimo Realty
3796 Departure Bay Rd
Nanaimo
V9T 1C4
$629,000
Residential
beds: 1
baths: 1.0
574 sq. ft.
built: 1956
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1036781
- Bedrooms:
- 1
- Bathrooms:
- 1
- Year Built:
- 1956
- Photos (15)
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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.
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1956 (Age: 70)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 574 sq. ft.
- Listing General Location:
- Na Departure Bay, Nanaimo
- Bedrooms:
- 1
- Bathrooms:
- 1.0 (Full:-/Half:-)
- Lot Size:
- 7,500 sq. ft.
- Kitchens:
- 1
- Home Style:
- Contemporary
- Taxes:
- Signup
- Building Features:
- Transit Nearby
- Construction:
- Frame Wood
- New Construction:
- No
- Basement:
- Not Full Height, Walk-Out Access
- Foundation:
- Concrete Perimeter
- Roof:
- Asphalt Shingle
- Ceiling Heights:
- Signup
- Total Building Area:
- 1,113 sq. ft.
- Total Unfinished Area:
- 539 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 1
- # Main Level Bedrooms:
- 1
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 539 sq. ft.
- Living Area Main Floor:
- 574 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 0
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Additional Accommodations:
- None
- Cooling:
- HVAC
- Heating:
- Electric, Heat Pump
- Fireplace:
- No
- Pending Date:
- Signup
- Fenced
- Ground Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Bed and Breakfast:
- None
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Occupancy:
- Owner
- Property Condition:
- Fixer
- Exposure / Faces:
- South
- Layout:
- Ground Level Entry With Main Up
- Lot Site Features:
- Central Location, Corner Lot, Curb & Gutter, Easy Access, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk, See Remarks
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Open, RV Access/Parking
- Total Parking Spaces:
- 3
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- May 11, 2026
- Original Price:
- 629000.0
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Listed by Royal LePage Nanaimo Realty (NanIsHwyN)
Data was last updated May 20, 2026 at 02:05 AM (UTC)
Area Statistics
- Listings on market:
- 79
- Avg list price:
- $828,000
- Min list price:
- $319,900
- Max list price:
- $2,999,900
- Avg days on market:
- 42
- Min days on market:
- 1
- Max days on market:
- 361
- Avg price per sq.ft.:
- $413.36
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.
- DAVID BAINS
- ROYAL LEPAGE NANAIMO REALTY
- 1 (250) 7587653
- Contact by Email
Royal LePage Nanaimo Realty
Location
4200 Island Highway North
Nanaimo, BC, V9T 1W6