C$1,790,000

Oceanfront Development Site by Neck Point Park! Perched above Keel Cove in the highly sought-after Hammond Bay neighbourhood, 4800 McGuffie Road presents an extraordinary opportunity to acquire a 2.046-acre oceanfront parcel with sweeping views across the water and along the rugged shoreline. Bordering Neck Point Park and an extensive RDN-owned buffer along its rear boundary, the property offers exceptional privacy, a preserved natural setting, and convenient access to maintained park trails. A favourite destination for local divers, the area also comes alive with the annual herring spawn in early spring. Zoned R10 (Steep Slope Residential), the property offers potential for a single-family estate or a thoughtfully clustered townhouse development of up to 13 units. Its hillside topography lends itself naturally to a design-forward community that maximizes ocean views while minimizing site disturbance, an increasingly valuable approach in today’s market. For developers, this is a compelling opportunity to create a boutique ocean-view project with strong end-user appeal, where design, setting, and exclusivity converge. For those seeking a legacy property or private estate, the scale and setting provide a remarkable canvas for a truly distinctive coastal retreat. Hammond Bay is a quiet, established neighbourhood with a mix of single-family and low-density residential homes. Hammond Bay Elementary School is nearby, while shopping, secondary schools, and other amenities are only a short drive away. With panoramic water views, park-side privacy, and exceptional flexibility in use and design, 4800 McGuffie Road represents a rare opportunity to create a signature oceanfront address in one of Nanaimo’s most desirable locations. Also listed on Commercial MLS 1038459. (id:41202)