2999 King Richard Dr, Nanaimo
Rarely does an opportunity like this become available in one of Nanaimo's most sought-after neighbourhoods. Situated on an impressive 0.88-acre gently sloping lot in desirable Departure Bay, this property offers stunning south-facing views over Departure Bay and exceptional development potential. With approximately 470 feet of road frontage along King Richard Drive, Rose Ann Drive, and Lincoln Green Place, the possibilities are endless. The existing four-bedroom home is positioned at one end of the property, providing comfortable living or rental income while you plan for the future. Enjoy a prime location close to Departure Bay Beach, schools, parks, shopping, and everyday amenities. Large ocean-view parcels with this size, frontage, and future potential are incredibly rare—don't miss this exceptional opportunity. All data and measurements are approximate and must be verified if fundamental. (id:1945)
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Property details for 2999 King Richard Dr, Nanaimo
- Type
- Residential
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1,822 square feet
- Lot Size
- 0.88
- Parking
- Garage, Additional Parking
- Heating
- Forced air, Oil
- Cooling
- None
- Ownership
- Freehold
- Annual Taxes
- $5,820
Nearby Listings Stat
Estimated price and comparable properties near 2999 King Richard Dr
Active Listings
14
Min Price
$599,900
Max Price
$1,800,000
Avg Price
$877,907
Days on Market
28
days
Sold Listings
2
Min Sold Price
$719,900
Max Sold Price
$764,900
Avg Sold Price
$742,400
Days until Sold
57
days
Neighbourhood Census Data
Nanaimo, British Columbia / Colombie-Britannique
Population
1,183
Median Age
51.8
Median Income
$42,112
Dwelling Value
$483,646
Housing Tenure
Owners 89%
Renters 11%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.4
Pop. Density: 741.9/km²
Avg Shelter Cost: $1,051/mo
Owners with Mortgage: 43.9%
Owners Spending 30%+: 7.3%
Tenants Spending 30%+: 40%
English only: 89.9%
English and French: 9.7%
Median Household Income: $92,757
Median Employment Income: $27,584
Price History
Listed
October 12, 2026
by REMAX Professionals (NA)
Current Price
$1,800,000
-10% from last change
Type
Residential
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $1,800,000 | $200,000 (-10%) |
| Oct 12, 2026 | $2,000,000 | Listed |
