Address

1620 Loat St, Nanaimo, BC

Price

$549,900

Bedrooms

Bathrooms

Square Feet

664

Property 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 developments these sites are
ready for any of your future plans.