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1620 Loat Street, Departure Bay, Nanaimo (1044107)

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1620 Loat Street Departure Bay, Nanaimo

1 bedroom | 1 bathroom | 664 sqft living area | 7,200 sqft lot | $524,900

1620 Loat Street, Departure Bay, Nanaimo
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1 bedroom | 1 bathroom | 664 sqft living area | 7,200 sqft lot | $524,900

About This House

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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

Interior Features Of 1620 Loat, Departure Bay, Nanaimo

Breakfast Nook

Appliances Included:

Dryer, Refrigerator, Washer

Exterior Features Of 1620 Loat, Departure Bay, Nanaimo

Fencing: Partial, Garden

Lot Features Of 1620 Loat, Departure Bay, Nanaimo

Acreage, Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Marina Nearby, Near Golf Course, Quiet Area, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Southern Exposure

Listed by William Wright Commercial Real Estate Services.

Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Jahelka Real Estate Group for your convenience.

Disclaimer: This representation is based in whole or in part on data generated by the VIREB Vancouver Island Real Estate Board which assumes no responsibility for its accuracy. Trademark owned or controlled by The Canadian Real Estate Association. Used under license.

 
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  • MLS® : 1044107
  • Type : House
  • Bedrooms : 1
  • Bathrooms : 1
  • Square Feet : 664 sqft
  • Lot Size : 7,200 sqft
  • Taxes : $2,385 (2025)
  • Parking : 2 Driveway
  • Fireplaces : 1
  • Year Built : 1910

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Photo 1 at 1620 Loat Street, Departure Bay, Nanaimo
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