Nanaimo · V9T1L7
$22,282/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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DEVELOPER ALERT – 16.8-acre ocean views development site in North Nanaimo's most desirable and rapidly growing neighborhoods. Situated in the prestigious Departure Bay area, this exceptional property offers stunning ocean views, a spectacular natural setting, and outstanding potential for high-density residential development. Much of the DP work has already been completed such as geotechnical, civil engineering, surveying, arborist assessments, riparian studies, traffic analysis, environmental reviews, architectural plans, and more. Set within a beautiful park-like coastal forest environment, the property features mature trees, established walking trails, and picturesque Cottle Creek meandering through the landscape, creating a unique balance between development potential and natural beauty. Bordering both Crown Land and Linley Valley Park, this remarkable property offers future residents direct access to one of Nanaimo's most treasured natural recreation areas while remaining only minutes from Departure Bay Beach, Stephenson Point, schools, shopping, restaurants, marinas, and all North Nanaimo amenities. Easy paved access via Linley Road further enhances the property's development appeal. Whether advancing the previous development concept or creating a new vision, opportunities of this size, location, and readiness are becoming increasingly rare in today's market. The combination of ocean views, desirable zoning, extensive due diligence, natural surroundings, and prime location makes this an outstanding investment and development opportunity. Walk the well-defined trail system at your convenience and experience firsthand the exceptional potential this property has to offer. Buyer to conduct their own due diligence and is responsible for any future Development Permit applications and approvals. All measurements, zoning information, development data, reports, and other information are believed to be reliable but should be independently verified if deemed important.
0
Beds
Vacant Land
Type
Hammond Bay
Area
Listed
July 17, 2025
Nearby & Commute
48 min
walk to Save-On-Foods
13 min
bike to Departure Bay Berth 3 (Foot Access)
44 min
walk to Departure Bay Berth 3 (Foot Access)
2h 28m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 72%
| Detached | 109 | 71.7% |
| Land | 23 | 15.1% |
| Townhouse | 10 | 6.6% |
| Condo / Apartment | 7 | 4.6% |
| Duplex | 2 | 1.3% |
| Other | 1 | 0.7% |
| Under $5,000 | 15 | 2.2% |
| $10,000 to $14,999 | 5 | 0.7% |
| $15,000 to $19,999 | 5 | 0.7% |
| $20,000 to $24,999 | 20 | 2.9% |
| $25,000 to $29,999 | 10 | 1.5% |
| $30,000 to $34,999 | 20 | 2.9% |
| $35,000 to $39,999 | 15 | 2.2% |
| $40,000 to $44,999 | 15 | 2.2% |
| $45,000 to $49,999 | 20 | 2.9% |
| $50,000 to $59,999 | 30 | 4.4% |
| $60,000 to $69,999 | 40 | 5.9% |
| $70,000 to $79,999 | 45 | 6.6% |
| $80,000 to $89,999 | 45 | 6.6% |
| $90,000 to $99,999 | 40 | 5.9% |
| $100,000 to $124,999 | 105 | 15.4% |
| $125,000 to $149,999 | 50 | 7.4% |
| $150,000 to $199,999 | 95 | 14.0% |
| $200,000 and over | 105 | 15.4% |
Pick the records that matter for this property. Relta inquires with the listing agent and strata on your behalf, then tells you what came back. Some documents cannot always be obtained.
Request the due-diligence package
Relta requests these from the listing agent and strata and follows up with what is available. Availability is not guaranteed. Review any documents with the appropriate professionals.
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$22,282
Principal and interest
Calculated estimate
$20,815
Property tax
Calculated estimate
$1,317/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$4,500,000
Down payment
Calculated estimate
$900,000 (20%)
Estimated mortgage
Calculated estimate
$3,600,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$22,282
/mo
Rate
%
Amortization
Principal and interest
$20,815
Property tax (est.)
$1,317
P&I
Tax
Down payment
$900,000 (20%)
Get Pre-Approved
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $900,000 down (20%) on $4,500,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Daily mean across the year.
On the drier side for BC.
Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
At 6.9094 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
