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Listed by Jay Deleskie Pemberton Holmes Ltd. (Pkvl)
$ 575,000
Est. payment /mo
New
1620 Loat St Nanaimo, BC V9S 3L4
641 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 641 sqft
Price per Sqft $897
MLS Listing ID 1034380
HOA Y/N No
Annual Tax Amount $2,535
Tax Year 2025
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Multi Family
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
Location
Province BC
County Nanaimo, City Of
Community Na Departure Bay
Area Nanaimo
Zoning Multifamily R5
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N Yes
View Ocean
Street Surface Paved
Garage No
Building
Lot Description Rectangular Lot, Serviced
Sewer Sewer Connected
Water Municipal
Others
Restrictions Easement/Right of Way
Ownership Freehold
Acceptable Financing Owner May Carry, Trade, VMC/VTB
Listing Terms Owner May Carry, Trade, VMC/VTB