Area: British Columbia
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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:44056)

Property Details

Full Address:
1620 Loat St, Nanaimo, British Columbia
Price:
$ 575,000
MLS Number:
1026762
List Date:
February 24th, 2026
Neighbourhood:
Departure Bay
Lot Size:
7200 sq.ft.
Year Built:
1910
Taxes:
$ 2,245

Interior Features

Bedrooms:
1
Bathrooms:
1
Appliances:
Washer, Refrigerator, Stove, Dryer
Air Conditioning:
None
Heating:
Electric
Fireplaces:
1

Building Features

Zoning:
Multi-Family
Garage:
Stall
Garage Spaces:
2
Ownership Type:
Freehold
Taxes:
$ 2,245

Floors

Finished Area:
664 sq.ft.

Land

View:
Ocean view, Valley view
Lot Size:
7200 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Jay Deleskie Pemberton Holmes Ltd. (Pkvl)
 
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Listing Agent(s)

Listing: Jay Deleskie
Pemberton Holmes Ltd. (Pkvl)

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