For Sale: 1620 Loat Street, Nanaimo, BC - REW
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$549,900
0 bd • ba • sf • Multifamily
1620 Loat Street
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$549,900
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1620 Loat StreetNanaimo, BC, V9S 3L4

Departure Bay
  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

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
Listed by: Jay Deleskie PREC*, William Wright Commercial Real Estate Services

Home facts and features

Price details
List Price
$549,900
Get Pre-Approved
Gross Taxes for 2025
$2,536
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
7230 ft²
Title
Freehold
Exterior Finish
Frame Wood
Heating Type
Baseboard, Electric
Features
Rectangular Lot, Serviced, Southern Exposure
Community
Agent details
Primary Agent
Primary Broker
William Wright Commercial Real Estate Services
Listing details
Days on REW
1 Day
MLS® Number
1044119
Source
Victoria and Vancouver Island MLS
Board
Vancouver Island Real Estate Board
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Departure Bay Elementary School
  • Public
  • K - 7
  • In Catchment
Wellington Secondary School
  • Public
  • 8 - 12
  • In Catchment
Discover Montessori School
  • Independent
  • K
Quarterway School
  • Public
  • Pre-K - 7
Hammond Bay Elementary School
  • Public
  • K - 7
Nanaimo Christian School
  • Independent
  • K - 12
Pauline Haarer Elementary School
  • Public
  • K - 7
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-07-23.
Call Agent
Jay Deleskie PREC*
Phone:
250-618-6797
Cell:
250-618-6797
Office:
250-586-1226
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.