House for sale
1620 Loat St, Nanaimo
$575,000
Features
Style
Rancher
Year Built
1910
Floor Area
664 sqft
Lot Size
7,200 sqft
Gross Property Tax
$2,245 /year
Zoning
R5
Amenities
Breakfast Nook, Ground Level Main Floor, Fencing: Partial, Garden, F/S/W/D
View
Valley, Ocean
Additional Features
Acreage, Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Marina Nearby, Near Golf Course, Quiet Area, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Southern Exposure
Description
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
MLS® Number 1026762