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$1,450,000

Est. payment - /mo

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7 BD

4 BA

3,031 SqFt

Active

1415 Loat St Nanaimo, BC V9S3L2

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Taryn Pessanha

fmtvvlb@gmail.com +1(403) 400-0831

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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

Listed by eXp Realty (NA)

Taryn Pessanha

Agent | License ID: CON-00083061

+1(403) 400-0831 | fmtvvlb@gmail.com

1415 Loat St Nanaimo, BC V9S3L2

Taryn Pessanha

Key Details

Location

Rooms

Interior

Exterior

Others

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1415 Loat St