For Sale · Nanaimo · Single Family

$2,000,000

2999 King Richard Dr, Nanaimo

Beds

Baths

1,822

Sq Ft

1966

Built

About This Home

The details.

Rarely does an opportunity like this become available in one of Nanaimo's most sought-after neighbourhoods. Situated on an impressive 0.88-acre gently sloping lot in desirable Departure Bay, this property offers stunning south-facing views over Departure Bay and exceptional development potential. With approximately 470 feet of road frontage along King Richard Drive, Rose Ann Drive, and Lincoln Green Place, the possibilities are endless. The existing four-bedroom home is positioned at one end of the property, providing comfortable living or rental income while you plan for the future. Enjoy a prime location close to Departure Bay Beach, schools, parks, shopping, and everyday amenities. Large ocean-view parcels with this size, frontage, and future potential are incredibly rare—don't miss this exceptional opportunity. All data and measurements are approximate and must be verified if fundamental. (id:66635)

Summarizing the highlights...

MLS® 1042700Listing courtesy of REMAX Professionals (NA)View on map

Property Details

Facts & features.

Property type: Single Family
Ownership: Freehold
Year built: 1966
Size: 1,822 sqft
Lot size: 0.88 acres
Parking: 4 spaces
Listed on: 2026-07-09
Days on market: 6
MLS number: 1042700
Data source: Vancouver Island Real Estate Board

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Bart Pukacz
Real Estate Advisor
Residential, Investment Properties, Presale Condos
Profile 604.721.1439
Han Lee
Real Estate Advisor
Residential, Investment Properties, Luxury Properties
Profile
Iñaki Sarmiento
Real Estate Advisor
Residential, Investment Properties
Profile 778.954.6254

My Notes

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$9,353

$1,600,000 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$9,353

Cash flow

-$9,353

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Nanaimo right now

220

Active listings

221

New this week

$749,900

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Nanaimo.

Household and demographic stats for Nanaimo, from the Statistics Canada 2021 Census.

99,863
Population (2021): 45.2
Median age: 43,165
Households: 2.3
Avg household size: 66.7%
Home ownership: $75,500
Median household income

Nanaimo market trends

Source: Statistics Canada 2021 Census, Nanaimo, City, British Columbia.

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.