$1,200,000
5621 Hammond Bay Rd
Beds
5
Baths
3
Sqft
—
Year
1972
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Strategic investment opportunity in one of Nanaimo's most desirable neighbourhoods. This 1.7-acre ocean-view property includes a 5-bedroom, 3-bath home offering immediate rental income with an option to add a basement suite for a great holding property while planning your next project. With R10 zoning supporting up to 16 units per hectare, the site is ideal for future townhome or duplex development. The gently sloping terrain offers excellent ocean-view exposure, and mature, saleable timber on the property provides revenue or offsets development costs. Located minutes from schools, parks, shopping, and transit, this property combines short-term income potential with long-term redevelopment upside -an exceptional opportunity for builders and investors alike. Can be purchased as a package with MLS: 1020314 All data and measurements approximate; buyers to verify if important. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- North Nanaimo
- Common interest
- Freehold
- Living area
- 2,600 square feet
- Lot size
- 1.7 acres
- Lot dimensions
- 1.7
- Parking
- 5 total
- Fireplace
- 2
- On market
- Nov 13, 2025
- Status changed
- Apr 16, 2026
- Annual tax
- $6,529.39
- Zoning
- Multi-Family
- Photos
- 26
- MLS#
- 1020319
- Area
- NANAIMO
Features and systems
Appliances
Heating
Cooling
Lot
Cash on cash
-11.60%
Cap rate
3.57%
GRM
16.7
Break-even rent
$8,442
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Nanaimo. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.