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$524,900
1620 Loat St
Nanaimo, BC V9S 3L4
Nanaimo, BC V9S 3L4
Single Family Detached
Bedrooms
1
Bathrooms
1
Square Feet
664
Year Built
1910
Property Description
Cash flowing $2200/month, If you want to live/build in the best area of departure bay this is one of the best entrances tolive on a Clean 7200 sq ft lot surounded by mature established properties & set along theedge of a plateau giving you a sweeping ocean view over popular Departure Bay beach with itsbeautiful boardwalk & commercial amenities. Weather looking to raise your family, enjoy yourretirement or develop a property in an attractive neighborhood this land can provide you with thecompetitive edge you have been looking for. R5 zoned allows for up to 4 units of residential. Ifcombined with adjacent 1630 loat st doubling your site to 14400 sq ft & develop up to 8 unitsacross both lots. Utilizing the sewer right of way for site access/parking in a proposed development plan can quickly turn the typically viewed negative(right of way) into a nutrel/netpositive when looking to maximize your buildout. Single or multifamily development these sites areready for any of your future plans
Property Details
MLS #:
1044107
ID #:
31834051
Type:
Residential
Sub-Type:
Single Family Detached
Area:
Nanaimo
Sub-Area:
Na Departure Bay
Status:
Active
Lot Size:
0.16 acres
Property Tax:
$2,385 (2025)
Days on Market:
85 days
Listing provided by William Wright Commercial Real Estate Services
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Contact Information
Vicky Needham
Personal Real Estate Corporation
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Location
1620 Loat St , Nanaimo, BC V9S 3L4