3315 Hammond Bay Rd
Nanaimo, BC V9T1E4
$1,749,000
Property Details
Property & Lot
- Sub-type
- Multi-Family
- Lot size
- 3.28 acres
- Zoning
- Unknown
R10
Ownership & Fees
- Property type
- Other
- Ownership
- Freehold
- Annual property tax
- $8,310.59
Interior
- Heating
- Forced air, Oil, Wood
- Cooling / A/C
- None
- Fireplace
- None
Listing Information
- MLS®
- 1045072
- Listed
- August 5, 2026
- Time on market
- On the market for 26 days
- Data last synced
- August 28, 2026
Listing provided by: Coldwell Banker Prestige Realty · Data source: CREA DDF.
Description
Exceptional 3.28-acre development opportunity in Nanaimo's highly sought-after Hammond Bay neighbourhood. Zoned R10, this prime site offers outstanding redevelopment potential for a variety of residential development concepts, including subdivision or townhouse development. The R10 Zone permits residential density of up to 16 dwelling units per hectare. Featuring approximately 100 metres of frontage and a gently sloping topography, the property offers an excellent foundation for future planning and redevelopment (buyers to verify development potential with the City of Nanaimo). Existing improvements include an updated 5-bedroom character home, detached garage/shop, and a 2018 built accessory building that is plumbed and wired for a detached suite, providing valuable holding income while development approvals are pursued. Ideally positioned just minutes from shopping, schools, transit, Departure Bay, Neck Point Park, Pipers Lagoon, and other North Nanaimo amenities. A rare opportunity to secure one of the area's premier development sites in an established and continually growing neighbourhood. All measurements, sizes, and data are approximate and should be verified if important (id:63159)
Location Insights
Weather
13°C
Partly Cloudy
Humidity 89%
Wind WSW 6 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
11
1/9 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 | 1.5 km |
| Hammond Bay Elementary | Elementary | 2.0 km |
| Cilaire Elementary | Elementary | 2.6 km |
| Rock City Elementary | Elementary | 2.7 km |
| Oceane | Elementary | 3.0 km |
| Wellington Secondary | Secondary | 3.2 km |
| Frank J. Ney Elementary | Elementary | 3.2 km |
| Discover Montessori School(Independent) | Elementary/Middle | 3.5 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
Parks (5+)
- Cottle Creek Park · 605 Nottingham Drive118 m
- Nottingham Park 3317 m
- Stephenson Point Park · 3263 Stephenson Point Road500 m
- Nottingham Park 2 · 454 Nottingham Drive581 m
- Nottingham Drive Park · 356 Nottingham Drive623 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($349,800) — 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.