2555 Departure Bay Rd
Nanaimo, BC V9S3W2
$851,800
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 0.54 acres
- Zoning
- Residential
R1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,258
Interior
- Heating
- Forced air, Natural gas
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Exterior & Lot
- View
- Mountain view, Ocean view
Parking
- Total spaces
- 6
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Lower level | 3-Piece |
| Storage | Lower level | 5'5 x 14'2 |
| Storage | Lower level | 7'4 x 19'10 |
| Family room | Lower level | 14'6 x 14'9 |
| Recreation room | Lower level | 10'1 x 22'7 |
| Mud room | Lower level | 6'3 x 11'11 |
| Den | Lower level | 9'7 x 13'7 |
| Bedroom | Lower level | 8'0 x 17'9 |
| Bedroom | Lower level | 9'6 x 14'9 |
| Porch | Main level | 6'4 x 18'10 |
| Patio | Main level | 11'5 x 28'4 |
| Bedroom | Main level | 8'4 x 11'2 |
| Bedroom | Main level | 11'2 x 11'8 |
| Bathroom | Main level | 5-Piece |
| Primary Bedroom | Main level | 11'12 x 13'10 |
| Laundry room | Main level | 9'1 x 9'6 |
| Dining nook | Main level | 5'6 x 6'11 |
| Kitchen | Main level | 8'8 x 12'3 |
| Dining room | Main level | 10'8 x 11'1 |
| Living room | Main level | 14'1 x 24'3 |
Listing Information
- MLS®
- 1037668
- Listed
- May 22, 2026
- Time on market
- On the market for 101 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty (NA) · Data source: CREA DDF.
Description
Full of Opportunity! At just over half an acre, this property in one of Nanaimo’s most desirable neighbourhoods offers exceptional potential for investors, developers, and visionary buyers alike. The expansive lot presents an opportunity to explore rezoning and create a project tailored to your goals. Whether you're considering a multi-family development, subdivision potential, or a custom build-to-suit concept, this rare property offers flexibility and future potential. The existing 3,100 sq.ft. home offers 5 bedrooms and 2 bathrooms and could provide valuable rental income while future plans take shape. Or perhaps the future is already here - move in and enjoy your own private retreat by the sea, with ocean views and room to grow. Situated in scenic Departure Bay, the property is just a short stroll away from the beach - an appealing setting for future residents and a sought-after location for long-term investment. Parcels of this size are rarely available in such a central, established neighbourhood. Don't miss this chance to secure a prime piece of Departure Bay and make the most of its many possibilities. (id:63159)
Values & Trends
This listing
$270/sqft
Building average
—
No other active listings in this building
Departure Bay average
$481/sqft
37 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
15°C
Partly Cloudy
Humidity 85%
Wind N 2 km/h
Tonight
12°
Tuesday
21°
Tuesday night
14°
Wednesday
16°
Wednesday night
11°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
99,863
(2021 Census)
+10.3% since 2016
Density: 1,104.1/km²
Dwellings: 45,138
Median household income: $75,500
After-tax: $68,500
Immigrant population: 16.1%
Top countries of origin (% of total population)
- United Kingdom3.5% · 3,495
- China1.3% · 1,285
- United States of America1.2% · 1,155
- India1.1% · 1,075
- Philippines1% · 1,040
- Germany0.6% · 635
- Korea, South0.5% · 470
- Viet Nam0.5% · 455
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
22
4/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Departure Bay Elementary | Elementary | 847 m |
| Cilaire Elementary | Elementary | 864 m |
| Oceane | Elementary | 1.4 km |
| Forest Park Elementary | Elementary | 1.6 km |
| Career Technical Centre | Secondary | 1.8 km |
| Discover Montessori School(Independent) | Elementary/Middle | 1.8 km |
| Rock City Elementary | Elementary | 1.9 km |
| Quarterway Elementary | Elementary | 2.3 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (1)
- Amore Bistro Café757 m
Cafes (2)
- Felice Cafe · 1420 Wingrove Street462 m
- Drip Coffee Social · 2835 Departure Bay Road577 m
Parks (5+)
- Kinsmen Park426 m
- Cosgrove Traffic Circle 2445 m
- Cilaire Park 1 · 181 Cilaire Drive457 m
- Cosgrove Traffic Circle 1582 m
- Departure Bay Centennial Park · 1420 Bay Street593 m
Gyms (1)
- Body Tempo Health & Fitness752 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.1% ($60,180) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.