Individuals looking for real estate in the uppermost portion of Nanaimo will want to consider Dover Bay. It sits at the very north of the city and borders Lantzville. The area is elevated and provides beautiful views of the ocean from many of the homes. The main road into town, Dover Bay Road, helps you get into and out of the neighbourhood and into the Woodgrove Mall area with ease. This area is slightly more distance from the heart of Nanaimo but remains only a matter of minutes from much of what the city has to offer.
A wide range of benefits exists in this area. Mostly rural and undeveloped since its settlement in the late 1800's, Dover Bay is a growing community. Perhaps one of the most impressive reasons to purchase real estate here is to gain access to some of the most stunning views of the ocean and the mountains along the coastline. The area's views have made it an important tourism location, which is why the area also has a very strong commercial sector.
Those who purchase homes in Dover Bay will find a variety of options. However, they will also be close to many of their desired amenities including parks, shopping centres such as Woodgrove Mall and much more. The demand for this area's residential properties is also helping it to continue to grow.
As noted, real estate here is in demand and as a result, newer subdivisions continue to occur here. However, because the area has remained rural for a long time, it is common to find homes that look much like each other, due to their development around the same time in the last few decades. Hammond Bay and Rutherford are nearby neighbourhoods and subdivisions that offer slightly older and more unique home options.
Home values here are on the rise by as much as 1.7% from October of 2014 through October of 2015. Home values, though, range from $300,000 up to more than double this depending on the property itself, its views, and its overall size.