1415 Loat St Active Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9S3L2
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 3,031 sqft
Price per Sqft $478
Subdivision Departure Bay
MLS Listing ID 984877
Bedrooms 7
Originating Board Vancouver Island Real Estate Board
Year Built 1947
Lot Size 0.770 Acres
Acres 33541.2
Property Sub-Type Freehold
Property Description
This is a rare chance to secure a multifamily development opportunity in one of Nanaimo's most sought-after neighborhoods. Situated on a .77-acre lot overlooking Departure Bay and just steps from the beach, this property offers an exceptional opportunity for a low-risk, high-return legacy project. The rezoning process has been completed, with third reading and rezoning approval finalized. The project is now civil-ready, with plans for 13 modern, architecturally designed townhomes by renowned local architect Ian Nimath. This development is poised to be a standout addition to the area. Adding immediate value, the property currently includes a well-maintained 2,500 sq. ft. home with 7 bedrooms, configured as three separate rental units, providing income potential while you plan your next steps. The original developer has stepped away, presenting a unique opportunity for you to take the reins and bring this vision to life! (id:24570)
Location
Province BC
Zoning Residential
Rooms
Kitchen 3.0
Extra Room 1 Lower level 17'10 x 5'10 Patio
Extra Room 2 Lower level 15'4 x 7'1 Mud room
Extra Room 3 Lower level 3-Piece Bathroom
Extra Room 4 Lower level 10'6 x 7'10 Bedroom
Extra Room 5 Lower level 10'11 x 9'0 Bedroom
Extra Room 6 Lower level 10'11 x 7'7 Bedroom
Interior
Heating Baseboard heaters,Radiant/Infra-red Heat,
Cooling None
Fireplaces Number 1
Exterior
Parking Features No
View Y/N Yes
View Mountain view,Ocean view
Total Parking Spaces 8
Private Pool No
Others
Ownership Freehold