Multi-family for sale
1620 Loat St, Nanaimo
$575,000
Features
Floor Area
641 sqft
Lot Size
7,230 sqft
Gross Property Tax
$2,535.75 /year
Zoning
Multifamily R5
View
Ocean
Additional Features
Rectangular Lot, Serviced
Total no. of Units
1
Description
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
MLS® Number 1034380