19-unit ocean-view townhome opportunity in Departure Bay. This 0.88-acre parcel is the subject of City of Nanaimo rezoning application RA000521 from R5 to R7 Row House Residential. Council has passed third reading of Zoning Amendment Bylaw 4500.250; final adoption remains outstanding and subject to completion of rezoning conditions. The submitted concept contemplates 19 three-bedroom rowhouse homes at a site-specific 0.75 FAR, with two- and three-storey forms designed to respond to neighbourhood views. Survey, concept site plan, elevations and perspectives are available in the development package. The existing renovated 4-bedroom, 3-bathroom, 2,746 sq. ft. residence offers interim use or potential holding income while a buyer completes due diligence and approvals. Central Departure Bay location near the beach, BC Ferries, schools, shopping and recreation. All development potential, dimensions, servicing, approvals, GST and intended use must be independently verified by the buyer.
Data was last updated September 17, 2026 at 06:05 PM (UTC)
Area Statistics
Listings on market:
83
Avg list price:
$810,000
Min list price:
$285,000
Max list price:
$3,250,000
Avg days on market:
41
Min days on market:
2
Max days on market:
371
Avg price per sq.ft.:
$406.69
These statistics are generated based on the current listing's property type
and located in
Na Departure Bay. Average values are
derived using median calculations. This data is not produced by
the MLS® system.