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3561 Departure Bay Rd Nanaimo, British Columbia V9T 1C3

5 Bedroom 3 Bathroom 1944 sqft
Fireplace None Baseboard Heaters

$699,900

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:46227)

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Property Details

MLS® Number 976097
Property Type Single Family
Neigbourhood Departure Bay
Features Central Location, Level Lot, Southern Exposure, Corner Site, Other, Rectangular
Parking Space Total 4
Structure Shed

Building

Bathroom Total 3
Bedrooms Total 5
Appliances Refrigerator, Stove, Washer, Dryer
Constructed Date 1979
Cooling Type None
Fireplace Present Yes
Fireplace Total 1
Heating Fuel Electric
Heating Type Baseboard Heaters
Size Interior 1944 Sqft
Total Finished Area 1944 Sqft
Type House

Land

Access Type Road Access
Acreage No
Size Irregular 8858
Size Total 8858 Sqft
Size Total Text 8858 Sqft
Zoning Description R1
Zoning Type Residential

Rooms

Level Type Dimensions
Lower Level Den 12'4 x 7'8
Lower Level Laundry Room 11'1 x 11'2
Lower Level Bathroom 2-Piece
Lower Level Bedroom 7'9 x 9'11
Lower Level Bedroom 7'10 x 9'8
Lower Level Recreation Room 12'2 x 17'3
Lower Level Workshop 7'10 x 3'9
Main Level Bathroom 4-Piece
Main Level Ensuite 3-Piece
Main Level Bedroom 10'6 x 9'6
Main Level Bedroom 10'11 x 8'8
Main Level Primary Bedroom 9'11 x 12'3
Main Level Kitchen 10 ft x Measurements not available
Main Level Dining Room 10'6 x 8'6
Main Level Living Room 13'9 x 17'5

https://www.realtor.ca/real-estate/27413895/3561-departure-bay-rd-nanaimo-departure-bay

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September 13 2024 09:43:16

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