Exceptional 3.28-acre opportunity in Nanaimo's desirable Hammond Bay neighbourhood. Zoned R10, this property offers 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. Boasting approximately 100 metres of frontage, this exceptional property offers an impressive development footprint and excellent flexibility for future planning (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 currently used as a home based business, is plumbed and wired for a detached suite, providing excellent holding income potential. Ideally located close to shopping, schools, parks, transit, Departure Bay, Neck Point Park, and Pipers Lagoon. Data and measurements are approximate and should be verified if important