5621 Hammond Bay Rd
Nanaimo, BC V9T5N2
$1,200,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 1.7 acres
- Zoning
- Multi-Family
R10
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,529.39
Interior
- Heating
- Oil, Hot Water
- Cooling / A/C
- None
- Fireplace
- Yes (2)
Parking
- Total spaces
- 5
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Recreation room | Lower level | 11'9 x 28'0 |
| Storage | Lower level | 5'1 x 6'9 |
| Entrance | Lower level | 7'6 x 8'4 |
| Storage | Lower level | 13'4 x 15'5 |
| Bathroom | Lower level | 9'6 x 4'7 |
| Bedroom | Lower level | 9'6 x 9'9 |
| Bedroom | Lower level | 9'6 x 9'9 |
| Living room | Main level | 12'4 x 28'9 |
| Dining room | Main level | 9'0 x 11'5 |
| Ensuite | Main level | 5'2 x 5'3 |
| Primary Bedroom | Main level | 13'3 x 15'7 |
| Bathroom | Main level | 9'10 x 6'10 |
| Bedroom | Main level | 9'10 x 11'10 |
| Bedroom | Main level | 9'10 x 11'0 |
| Kitchen | Main level | 12'4 x 11'6 |
Listing Information
- MLS®
- 1020319
- 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
Strategic investment opportunity in one of Nanaimo's most desirable neighbourhoods. This 1.7-acre ocean-view property includes a 5-bedroom, 3-bath home offering immediate rental income with an option to add a basement suite for a great holding property while planning your next project. With R10 zoning supporting up to 16 units per hectare, the site is ideal for future townhome or duplex development. The gently sloping terrain offers excellent ocean-view exposure, and mature, saleable timber on the property provides revenue or offsets development costs. Located minutes from schools, parks, shopping, and transit, this property combines short-term income potential with long-term redevelopment upside -an exceptional opportunity for builders and investors alike. Can be purchased as a package with MLS: 1020314 All data and measurements approximate; buyers to verify if important. (id:63159)
Values & Trends
This listing
$462/sqft
Building average
—
No other active listings in this building
North Nanaimo average
$427/sqft
82 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
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 | 710 m |
| Randerson Ridge Elementary | Elementary | 1.4 km |
| Dover Bay Secondary | Elementary | 1.6 km |
| Frank J. Ney Elementary | Elementary | 1.6 km |
| Uplands Park Elementary | Elementary | 1.7 km |
| McGirr Elementary | Elementary | 1.7 km |
| Pleasant Valley Elementary | Elementary | 2.6 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 Road231 m
- Arbutus Park · 291 Rovere Place278 m
- Alderway Park · 5685 Alder Way344 m
- Malibu Terrace Park · 5747 Malibu Terrace392 m
- Porpoise Place Park · 5625 Porpoise Place397 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.9% ($95,000) — 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.