C$524,900

1620 Loat St, Nanaimo BC, V9S 3L4

Price per sqftC$790.51

Built in1910

Property size664 sqft

Property typeResidential

Courtesy of William Wright Commercial Real Estate Services

Overview

Active

Listed Jul 20, 2026

Updated Aug 27

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

Additional information

MLS^® ID: 1044107

Interior Features

Bedrooms: 1
Bathrooms: 1
Fireplace: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.17 Acres

Other Property Details

Taxes: $2,385
Tax Frequency: Annually
View: Yes
Pets Allowed: Yes

Courtesy of William Wright Commercial Real Estate Services, Jay Deleskie

Listing Contact: 250-618-6797

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