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Commercial Sale

$575,000
1620 Loat St, Nanaimo, BC

Address

1620 Loat St, Nanaimo, BC

Price

$575,000

Property Description

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

Interested in this property?

Contact Scott Parker Personal Real Estate Corporation for more information

Property Details

MLS® Number: 1034380
Property Type: Commercial Sale
Property Subtype: Multi Family
Status: Active
Lot Size: 0.16 acres
Area: Nanaimo - Na Departure Bay
Annual Tax: $2,536 (2025)
Days on Market: 2 days

Additional Property Details

Building Type: Multi-Family
View: Ocean view

Property Features & Amenities

Features: Other, Rectangular

Parking & Land Details

Land Size: 7230 sqft
Land Access: Road access
Acreage: false

Landscape & Property Information

Irregular Land Size: 7230
Ownership Type: Freehold
Transaction Type: For sale

MLS® Number

1034380

Property Location

1620 Loat St, Nanaimo, BC

Listed by Pemberton Holmes Ltd. (Pkvl)

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