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. House is currently rented for $1700 plus utilities. (id:4069)
Address
1620 Loat St
List Price
$575,000
Property Type
Single Family
Type of Dwelling
Single Family
Transaction Type
Sale
Area
British Columbia
Sub-Area
Nanaimo
Bedrooms
1
Bathrooms
1
Floor Area
664 Sq. Ft.
Lot Size
7200 Sq. Ft.
Year Built
1910
MLS® Number
1026762
Listing Brokerage
Pemberton Holmes Ltd. (Pkvl)
Postal Code
V9S3L4
Zoning
R5
Site Influences
View
Features
Acreage, Central location, Southern exposure, Partially cleared, Other, Rectangular, Marine Oriented
