1620 Loat St Nanaimo, British Columbia V9S 3L4
$575,000
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 (id:59709)
Property Details
| MLS® Number | 1034380 |
| Property Type | Multi-family |
| Neigbourhood | Departure Bay |
| Features | Other, Rectangular |
| Plan | Vip414 |
| View Type | Ocean View |
Building
| Size Exterior | 641 Sqft |
| Type | Multi-family |
Land
| Access Type | Road Access |
| Acreage | No |
| Size Irregular | 7230 |
| Size Total | 7230 Sqft |
| Size Total Text | 7230 Sqft |
| Zoning Description | Multifamily R5 |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/29689621/1620-loat-st-nanaimo-departure-bay
Contact Us
Contact us for more information
Jay Deleskie
Personal Real Estate Corporation
135 Alberni Hwy Box 596
Parksville, British Columbia V9P 2G6
(250) 248-8801
www.pembertonholmesparksville.com/
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May 02 2026 12:02:50
Vancouver Island Real Estate Board
Pemberton Holmes Ltd. (Pkvl)