1620 Loat St, Nanaimo, BC V9S 3L4
- $524,900
- 1
- BD
- 1
- BA
- 664
- SqFt
Courtesy of William Wright Commercial Real Estate Services
- List Price
- $524,900
- Status
- ACTIVE
- Price Change
- ▼ $25,000 1787808315
- Bedrooms
- 1
- Sq. Ft
- 664
- Acres
- 0.16
- Year Built
- 1910
- Subdivision
- Na Departure Bay
Property Description
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
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Additional Information
- Style
- Rancher
- Lot Size
- 7,200
- Interior Features
- Breakfast Nook
- Lot Features
- View - Ocean, Road - Paved, Acreage, Central location, Easy Access, Family Oriented, Marina Nearby, Golf Course Nearby, Quiet Area, Recreational, Shopping Nearby, Southern Exp, Cleared, Rectangular Lot, Serviced
- Fireplaces
- 1
- Fireplace Type
- Living Room, Wood Burning
- Parking Type
- Driveway
- Heating
- Electric
- Cooling
- None
- Office Name
- William Wright Commercial Real Estate Services
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