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5611/5621 Hammond Bay Rd
Na North Nanaimo Nanaimo V9T 5N2

$2,298,000
Commercial Sale

Main Photo: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
Photo 1: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
Photo 2: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
Photo 3: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
Photo 4: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
Photo 5: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
Photo 6: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
Photo 7: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
Photo 8: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
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Photo 10: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
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Photo 18: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
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Photo 20: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
Photo 21: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
Photo 22: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
Photo 23: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
Photo 24: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
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Photo 28: 5611/5621 Hammond Bay Rd in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 981085
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
981085
This rare 3.4-acre property in North Nanaimo offers an outstanding multifamily development opportunity across two titled lots. 5211 Hammond Bay Rd is a 1.7-acre vacant parcel ready for development, while 5621 Hammond Bay Rd includes a vacant 5 bed 3 bath home with suite potential on the property to generate rental income and offset costs during planning. Additionally, mature timber on the property offers potential revenue. The R10 zoning of the property supports up to 16 units per hectare, ideal for townhomes or duplexes. The property’s sloping terrain presents the opportunity for ocean-view units. Located in a family-friendly area near schools, parks, and public transit, it’s a walkable and desirable area for redevelopment. All measurements approximate; buyers to verify if important.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na North Nanaimo, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
3.4 acre(s)
Taxes:
Building Features:
Basement, Laundry Room, Parking, Shopping Nearby, Transit Nearby, Workshop
Construction:
Brick, Frame Wood, Stucco, Wood
Foundation:
Concrete Perimeter
Ceiling Heights:
Floor finish:
Mixed
Total Building Area:
2,600 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Hot Water, Oil
Fireplace:
No
Pending Date:
Real Estate
Fencing: Partial
Ocean
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
R10
Legal Non-Conformance:
No
Units in Building:
Units in Community:
Occupancy:
Vacant
Lot Site Features:
Central Location, Easy Access, Family-Oriented Neighbourhood, Private, Recreation Nearby, Serviced, Shopping Nearby
Parking Features:
On Site
Total Parking Spaces:
5
Road Surface Type:
Paved
Business Type:
Other
Total Units:
Date Listed:
Nov 20, 2024
Original Price:
2298000.0
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Listed by RE/MAX of Nanaimo
Data was last updated December 22, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
92
Avg list price:
$1,112,500
Min list price:
$23
Max list price:
$11,500,000
Avg days on market:
88
Min days on market:
6
Max days on market:
495
These statistics are generated based on the current listing's property type and located in Nanaimo. Average values are derived using median calculations.
JEFF MEYER
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.