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 to live on a Clean 7200 sq ft lot surounded by mature established properties & set along the edge of a plateau giving you a sweeping ocean view over popular Departure Bay beach with its beautiful boardwalk & commercial amenities. Weather looking to raise your family, enjoy your retirement or develop a property in an attractive neighborhood this land can provide you with the competitive edge you have been looking for. R5 zoned allows for up to 4 units of residential. If combined with adjacent 1630 loat st doubling your site to 14400 sq ft & develop up to 8 units across 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/net positive when looking to maximize your buildout. Single or multifamily development these sites are ready for any of your future plans. House is currently rented for $1700 plus utilities. (id:59126)
Property Details
| MLS® Number | 1026762 |
| Property Type | Single Family |
| Neigbourhood | Departure Bay |
| Features | Acreage, Central Location, Southern Exposure, Partially Cleared, Other, Rectangular, Marine Oriented |
| Parking Space Total | 2 |
| View Type | Ocean View, Valley View |
Building
| Bathroom Total | 1 |
| Bedrooms Total | 1 |
| Appliances | Dryer, Stove, Refrigerator, Washer |
| Constructed Date | 1910 |
| Cooling Type | None |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Heating Fuel | Electric |
| Size Interior | 664 Ft2 |
| Type | House |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Dining Room | 6'9 x 11'1 | ||
| Main Level | Kitchen | 6'2 x 11'1 | ||
| Main Level | Living Room | 15'6 x 11'1 | ||
| Main Level | Bathroom | 4-Piece | ||
| Main Level | Bedroom | 12'4 x 9'4 |
Land
| Access Type | Road Access |
| Acreage | Yes |
| Size Irregular | 7200 |
| Size Total | 7200 Sqft |
| Size Total Text | 7200 Sqft |
| Zoning Description | R5 |
| Zoning Type | Multi-family |
Parking
| Stall |
https://www.realtor.ca/real-estate/29391386/1620-loat-st-nanaimo-departure-bay
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May 01 2026 09:03:38
Vancouver Island Real Estate Board
