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 these sites areready for any of your future plans
Address
1620 Loat St
List Price
$549,900
Property Type
Commercial Sale
Type of Dwelling
Multi Family
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Departure Bay
Lot Size
7230 Sq. Ft.
Lot Size (Acres)
0.16 Ac.
MLS® Number
1044119
Listing Brokerage
William Wright Commercial Real Estate Services
Postal Code
V9S 3L4
Tax Amount
$2,535.75
Tax Year
2025
Features
Baseboard, Carpet, Electric, Laminate
Amenities
Fencing: Partial, Rectangular Lot, Serviced, Southern Exposure