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AJ Hazzi

[email protected] +1(250) 717-3133

$ 699,900

Est. payment -/mo

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3561 Departure Bay Rd Nanaimo, BC V9T1C3

5 Beds

3 Baths

1,944 SqFt

UPDATED:

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

Listed by Royal LePage Nanaimo Realty (NanIsHwyN)

AJ Hazzi

Broker | License ID: 1390206

+1(250) 717-3133

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Kelowna, BC, Canada

AJ Hazzi

AJ Hazzi

3561 Departure Bay Rd Nanaimo, BC V9T1C3

Key Details

Location

Rooms

Interior

Exterior

Others

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3561 Departure Bay Rd