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4800 Mcguffie Rd

$1,790,000

Hammond Bay

Land1 bd · 1 ba · —Built 193983 days on market

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About this home

Oceanfront Development Site by Neck Point Park! Perched atop a bluff in the highly sought-after Hammond Bay neighbourhood, 4800 McGuffie Road offers an extraordinary opportunity to own a 2.046-acre oceanfront parcel with sweeping views into and along the rocky shoreline of Keel Cove. Backing directly onto Neck Point Park, the property provides immediate access to scenic trails and nature, creating a rare combination of privacy, lifestyle, and development potential. A favorite spot for local divers, the area also experiences an amazing herring spawn in early spring. Also listed on Commercial MLS 1038459 Zoned R10 (Steep Slope Residential), the property is ideal for single-family homes or a carefully clustered townhouse development of up to 13 units. Its hillside topography naturally lends itself to a thoughtfully planned, design-forward community that maximizes ocean vistas while minimizing site disturbance - an increasingly valuable approach in today’s market. For developers, this is a compelling opportunity to deliver a boutique ocean-view project with strong end-user appeal, where design, setting, and exclusivity converge. For those seeking a legacy holding or personal estate, the scale and setting provide a blank canvas to create a truly one-of-a-kind coastal retreat. The surrounding Hammond Bay area is a quiet, established neighbourhood featuring a mix of single-family and low-density residential homes. Nearby Hammond Bay Elementary School is convenient for families, while full shopping, secondary schools, and amenities are a short drive away. With panoramic water views, direct park access, and exceptional flexibility in use and design, 4800 McGuffie Road represents a rare chance to shape a signature oceanfront address in one of Nanaimo’s most desirable locations. Due diligence is required to determine density. (id:65179)

Property details

From the listing's public record.

Lot size

2.05 acres

Year built

1939

Taxes

$5,970/yr

Zoning

Residential

View

Mountain viewOcean view

Waterfront

Waterfront on ocean

Heating

Baseboard heaters

Lot

AcreagePrivate settingWooded areaIrregular lot sizeRockySloping

Price history

2 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. May 27, 2026

    Listed $1,790,000

    Active33 days on marketMLS 1038459
  2. Apr 7, 2026

    Listed $1,790,000

    Active83 days on marketMLS 1029591

How this listing compares

Based on 39 sales in Nanaimo

Median sold

$410,000

Avg days on market

141 days

Avg sale-to-list

96.8%

Avg $/sqft

Current market in Nanaimo

Active (same type)

126

Pending

3

All active listings

926

Months of supply

38.8

Buyer's market38.8 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$911,300

Land

$906,000

Improvements

$5,300

Homes in Nanaimo sell at 93.6% of assessed value on average.

Based on 33 recent sales.

Recent nearby sales

12 sales
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  • 4848 Dixon Lane

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More on this listing

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