3796 Departure Bay Rd, Nanaimo
Prime development opportunity in the heart of Departure Bay! Situated on a 7,500 SF corner lot and zoned R5, this property offers outstanding potential for developers, investors, or buyers seeking future upside with zoning that allows for up to 4 units. The property features an older 1 bedroom, 1 bathroom home currently owner occupied and ideal as a holding property while redevelopment plans are underway. Excellent revenue potential during the planning process. Located in one of Nanaimo’s most desirable neighbourhoods, directly across from an elementary school and just 2 blocks to the high school, with shopping, parks, beaches, transit, and amenities all nearby. Rare opportunity to secure a well-located redevelopment site in an established, high-demand area. (id:1945)
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Property details for 3796 Departure Bay Rd, Nanaimo
- Type
- Residential
- Style
- Contemporary
- Bedrooms
- 1
- Bathrooms
- 1
- Living Area
- 574 square feet
- Lot Size
- 7500
- Heating
- Heat Pump, Electric
- Cooling
- Fully air conditioned
- Ownership
- Freehold
- Annual Taxes
- $3,253
Nearby Listings Stat
Estimated price and comparable properties near 3796 Departure Bay Rd
Active Listings
6
Min Price
$285,000
Max Price
$575,000
Avg Price
$397,833
Days on Market
52
days
Sold Listings
2
Min Sold Price
$399,000
Max Sold Price
$399,900
Avg Sold Price
$399,450
Days until Sold
61
days
Neighbourhood Census Data
Nanaimo, British Columbia / Colombie-Britannique
Population
1,485
Median Age
42.2
Median Income
$32,096
Dwelling Value
$368,712
Housing Tenure
Owners 61%
Renters 40%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.2
Pop. Density: 1,911.9/km²
Avg Shelter Cost: $1,133/mo
Owners with Mortgage: 57.6%
Owners Spending 30%+: 14.3%
Tenants Spending 30%+: 48.1%
English only: 91.9%
English and French: 7.7%
Neither: 0.3%
Median Household Income: $61,152
Median Employment Income: $24,269
Price History
Listed
July 6, 2026
by Royal LePage Nanaimo Realty (NanIsHwyN)
Current Price
$575,000
-8.6% from last change
Type
Residential
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $575,000 | $54,000 (-8.6%) |
| Jul 6, 2026 | $629,000 | Listed |
