5611 Hammond Bay Rd
Nanaimo, BC V9T5N2
$1,050,000
Property Details
Property & Lot
- Lot size
- 1.7 acres
- Zoning
- Multi-Family
R10
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $3,855.45
Interior
- Cooling / A/C
- None
- Fireplace
- None
Exterior & Lot
- View
- Ocean view
Parking
- Total spaces
- 2
Listing Information
- MLS®
- 1020314
- Listed
- November 13, 2025
- Time on market
- On the market for 291 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.
Description
An exceptional ready-to-develop ocean-view property in North Nanaimo location. This 1.7-acre vacant parcel offers R10 zoning with support for up to 16 units per hectare, ideal for townhome or duplex projects. The property's sloping topography provides strong ocean-view potential. Surrounded by quality residential development and close to schools, parks, and major amenities, it's an ideal setting for a profitable multifamily build or long-term hold. Can be purchased as a package with MLS: 1020319 All data and measurements approximate; buyers to verify 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
7
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 |
|---|---|---|
| Rutherford Elementary | Elementary | 746 m |
| Randerson Ridge Elementary | Elementary | 1.4 km |
| Frank J. Ney Elementary | Elementary | 1.6 km |
| Dover Bay Secondary | Elementary | 1.6 km |
| Uplands Park Elementary | Elementary | 1.7 km |
| McGirr Elementary | Elementary | 1.8 km |
| Pleasant Valley Elementary | Elementary | 2.7 km |
| Wellington Secondary | Secondary | 2.8 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+)
- Norasea Park · 5651 Norasea Road209 m
- Arbutus Park · 291 Rovere Place296 m
- Alderway Park · 5685 Alder Way379 m
- Porpoise Place Park · 5625 Porpoise Place426 m
- Malibu Terrace Park · 5747 Malibu Terrace427 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.6% ($80,000) — 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.