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
Address
1620 Loat St
List Price
$549,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Departure Bay
Bedrooms
1
Bathrooms
1
Floor Area
664 Sq. Ft.
Lot Size
7200 Sq. Ft.
Lot Size (Acres)
0.16 Ac.
Year Built
1910
MLS® Number
1044107
Listing Brokerage
William Wright Commercial Real Estate Services
Basement Area
None
Postal Code
V9S 3L4
Tax Amount
$2,385.00
Tax Year
2025
Features
Breakfast Nook, Carpet, Dryer, Electric, Laminate, Refrigerator, Washer
Amenities
Acreage, Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Fencing: Partial, Garden, Ground Level Main Floor, Marina Nearby, Near Golf Course, Quiet Area, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Southern Exposure