1630 Loat St, Nanaimo

$539,900 |   MLS® Number  1026778

Lot for sale in Nanaimo, Departure Bay, 1630 Loat St, 1026778 | Realtylink.org

Lot for sale

Lot Size
7,200 sqft
Gross Property Tax
$2,145 /year
Zoning
R5
View
Ocean

If you want to live/build in the best area of departure bay this is one of the last untouched build able lots remaining. Clean 7200 sq ft 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 1620 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.