1620 Loat St
House for sale in Nanaimo — $524,900
Key facts
- Type: House
- Price: $524,900
- Bedrooms: 1
- Bathrooms: 1
- Living area: 664 sq ft
- Lot: 7,200 sq ft
- Year built: 1910
- City: Nanaimo
- MLS® number: 1044107
- Agent: Century 21
- Brokerage: Century 21 Canada
Description
Cash flowing $2200/month, 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