3561 Departure Bay Rd Active Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9T1C3
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,944 sqft
Price per Sqft $360
Subdivision Departure Bay
MLS Listing ID 976097
Bedrooms 5
Originating Board Vancouver Island Real Estate Board
Year Built 1979
Lot Size 8,858 Sqft
Acres 8858.0
Property Description
DEVELOPMENT POTENTIAL! This property is rare in that it can actually take advantage of the new higher density regulations now in place! 4 units in two separate buildings is permitted under the new community plan. Realistically, the main house is best suited to the main house with a suite (a second unit in the existing home would require you to bring the entire home up to current standards). The city says a second residence could have two separate strata titled properties. The way this home is sited will easily permit a second residential building to be built. The original 3 bedroom, 2.5 bathroom home is circa 1980 and is clean and move in ready. The retro flair is carried throughout the home so if you enjoy that look, this home is for you. Simply move in and do improvements as you have time & budget. With a little updating, you can have a spectacular home. A suite is easily done as there is already a separate entrance, in fact 2 of them, that will help get that mortgage helper completed in no time. Under the Secondary suite incentive program, homeowners who qualify will receive up to 50% of the cost of renovations, up to a maximum of $40,000. The program will provide a rebate in the form of a forgivable loan—a loan that does not need to be repaid if the homeowner follows the terms of the program. Please go to https://www.bchousing.org/housing-assistance/secondary-suite for complete details. Don't miss out on this wonderful property located in desirable Departure Bay. Its on a bus route with the harbour just a short walk away- two elementary and one secondary school all within walking distance. Grocery store and drug store just a couple of minutes away. Come & view today- you wont be disappointed. Sale subject to probate and probate is expected around the end of September 2024. (id:24570)
Location
Province BC
Zoning Residential
Rooms
Extra Room 1 Lower level 12'4 x 7'8 Den
Extra Room 2 Lower level 11'1 x 11'2 Laundry room
Extra Room 3 Lower level 2-Piece Bathroom
Extra Room 4 Lower level 7'9 x 9'11 Bedroom
Extra Room 5 Lower level 7'10 x 9'8 Bedroom
Extra Room 6 Lower level 12'2 x 17'3 Recreation room
Interior
Heating Baseboard heaters,
Cooling None
Fireplaces Number 1
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 4
Private Pool No
Others
Ownership Freehold