If you want to live/build in the best area of departure bay this is one of the best entrances tolive on a Clean 7200 sq ft lot surounded by mature established properties & set along theedge of a plateau giving you a sweeping ocean view over popular Departure Bay beach with itsbeautiful boardwalk & commercial amenities. Weather looking to raise your family, enjoy yourretirement or develop a property in an attractive neighborhood this land can provide you with thecompetitive edge you have been looking for. R5 zoned allows for up to 4 units of residential. Ifcombined with adjacent 1630 loat st doubling your site to 14400 sq ft & develop up to 8 unitsacross both lots. Utilizing the sewer right of way for site access/parking in a proposed development plan can quickly turn the typically viewed negative(right of way) into a nutrel/netpositive when looking to maximize your buildout. Single or multifamily development these sites areready for any of your future plans
Data was last updated May 4, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
108
Avg list price:
$1,031,946
Min list price:
$23
Max list price:
$25,000,000
Avg days on market:
100
Min days on market:
3
Max days on market:
707
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.