1620 Loat St, Nanaimo, BC V9S 3L4
1620 Loat St, Nanaimo, BC V9S 3L4
1620 Loat St, Nanaimo, BC V9S 3L4
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Listing by Jay Deleskie William Wright Commercial Real Estate Services
$524,900
Est. payment /mo
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641 SqFt
Active

1620 Loat St Nanaimo, BC V9S 3L4

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Kyle Kerr PREC

Kyle Kerr PREC

+1(250) 818-5595

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 641 sqft

Price per Sqft $818

MLS Listing ID 1044119

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

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

Location

Province BC

County Nanaimo, City Of

Community Na Departure Bay

Area Nanaimo

Zoning Multifamily R5

Interior

Heating Baseboard, Electric

Flooring Carpet, Laminate

Fireplace No

Exterior

Exterior Feature Fencing: Partial

Parking Features On Site

View Y/N true

View Ocean

Street Surface Paved

Garage No

Building

Lot Description Rectangular Lot, Serviced, Southern Exposure

Sewer Sewer Connected

Water Municipal

Others

Restrictions Easement/Right of Way

Ownership Freehold

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”

NEARBY SCHOOLS & PROPERTIES

Initium Real Estate Ltd

I have bought a house with Kyle Kerr as my realtor and it was a smooth professional experience. I specifically like working with a realtor like him who responds fast and communicates clearly to any questions I have promptly. He was also my realtor for the sale of my condo recently and the photographer was great and I had wonderful pictures. It sold above listing price within a day and his staff were also in contact to assist in this transaction

+1(250) 818-5595

info@initiumre.com

505 Dalton St, Victoria, V9A 4B1

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1620 Loat St