Nanaimo · V9T1E4
$8,748/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
Book now
Exceptional 3.28-acre development opportunity in Nanaimo's highly desirable Hammond Bay neighbourhood. Zoned R10, this rare offering presents outstanding potential for a variety of residential development concepts, including subdivision or townhouse development. The R10 Zone permits residential density of up to 16 dwelling units per hectare, creating exceptional redevelopment potential. Existing improvements include an updated 5-bedroom, approx 2,000 sq.ft. character home, detached garage/shop, and a 2018 built accessory building currently used as a home based business plumbed and wired for a detached suite, providing excellent holding income potential while future development plans are explored. The gently sloping property also offers approximately 100 metres of frontage, mature landscaping, and a peaceful setting in one of Nanaimo's most sought-after neighbourhoods. Ideally located just minutes from Departure Bay, Neck Point Park, Pipers Lagoon, shopping, schools, parks, and other North Nanaimo amenities. Whether you're a developer, investor, or buyer seeking a private in-city acreage, this unique property offers exceptional versatility and long-term potential. Measurements and data are approximate and should be verified if important. Buyers are encouraged to complete their own due diligence and verify all development potential, density, subdivision opportunities, and permitted uses with the City of Nanaimo
6
Beds
2,379 ft²
Floor area
1959
Year built
Single Family
Type
Departure Bay
Area
Listed
August 5, 2026
Nearby & Commute
44 min
walk to Save-On-Foods
12 min
bike to Departure Bay Berth 3 (Foot Access)
38 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 · 68%
| Detached | 96 | 67.6% |
| Land | 23 | 16.2% |
| Townhouse | 13 | 9.2% |
| Condo / Apartment | 7 | 4.9% |
| Duplex | 2 | 1.4% |
| Other | 1 | 0.7% |
| Under $5,000 | 5 | 0.9% |
| $15,000 to $19,999 | 5 | 0.9% |
| $20,000 to $24,999 | 10 | 1.8% |
| $25,000 to $29,999 | 10 | 1.8% |
| $30,000 to $34,999 | 15 | 2.8% |
| $35,000 to $39,999 | 15 | 2.8% |
| $40,000 to $44,999 | 10 | 1.8% |
| $45,000 to $49,999 | 20 | 3.7% |
| $50,000 to $59,999 | 30 | 5.5% |
| $60,000 to $69,999 | 30 | 5.5% |
| $70,000 to $79,999 | 35 | 6.4% |
| $80,000 to $89,999 | 30 | 5.5% |
| $90,000 to $99,999 | 35 | 6.4% |
| $100,000 to $124,999 | 75 | 13.8% |
| $125,000 to $149,999 | 65 | 11.9% |
| $150,000 to $199,999 | 85 | 15.6% |
| $200,000 and over | 70 | 12.8% |
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
$8,748
Principal and interest
Calculated estimate
$8,090
Property tax
Calculated estimate
$508/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$1,749,000
Down payment
Calculated estimate
$349,800 (20%)
Estimated mortgage
Calculated estimate
$1,399,200
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
$8,748
/mo
Rate
%
Amortization
Principal and interest
$8,090
Property tax (est.)
$508
P&I
Tax
Down payment
$349,800 (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 $349,800 down (20%) on $1,749,000, 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.
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.
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.
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.
