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3561 Departure Bay Rd

Single Family Residence For Sale in Na Departure Bay, Nanaimo

$699,900
  • 5 Beds
  • 3 Baths
  • 1,944 Sq. Ft.
  • Built 1979
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.
Address 3561 Departure Bay Rd
List Price $699,900
Property Type Residential
Type of Dwelling Single Family Residence
Area Nanaimo
Sub-Area Na Departure Bay
Bedrooms 5
Bathrooms 3
Floor Area 1,944 Sq. Ft.
Lot Size 8858 Sq. Ft.
Lot Size Acres 0.2 Ac.
Year Built 1979
MLS® Number 976097
Listing Brokerage Royal LePage Nanaimo Realty (NanIsHwyN)
Basement Area Finished, Full
Postal Code V9T 1C3
Tax Amount $3,945
Tax Year 2023
Features Aluminum Frames, Baseboard, Dining/Living Combo, Eating Area, Electric, F/S/W/D, Mixed
Amenities Balcony, Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Fencing: Partial, Landscaped, Level, Low Maintenance Yard, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Southern Exposure, Storage Shed

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Zamian Parsons

RE/MAX Camosun

4440 Chatterton Way Victoria BC V8X 5J2

Office: (250) 514-1533

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