For Sale: 1620 Loat Street, Nanaimo, BC - REW
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$524,900
1 bd • 1 ba • 664 sf • House
1620 Loat Street
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$524,900
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1620 Loat StreetNanaimo, BC, V9S 3L4

Departure Bay
  • 1 Bed
  • 1 Bath
  • 664 Sqft
  • House

About this home

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

Home facts and features

Price details
List Price
$524,900
Get Pre-Approved
Gross Taxes for 2025
$2,385
Home facts
Bedrooms
1
Full Bathrooms
1
Parking Spaces
2
Parking Details
Driveway
Property Type
House
Lot Size
7200 ft²
Year Built
Built in 1910 (116 yrs old)
Title
Freehold
Style
Rancher
Exterior Finish
Brick & Siding
Heating Type
Electric
Features
Acreage, Central Location, Cleared, Easy Access, Family-oriented Neighbourhood, Fireplace: Living Room,wood Burning, Near Golf Course, Quiet Area, Rectangular Lot, Serviced, Southern Exposure
Amenities
Breakfast Nook, Ground Level Main Floor, Marina Nearby, Recreation Nearby, Shopping Nearby
Appliances
Dryer, Refrigerator, Washer
Community
Agent details
Primary Agent
Primary Broker
William Wright Commercial Real Estate Services
Listing details
Days on REW
46 Days
Property Views
341
MLS® Number
1044107
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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Katie Hebdon

DLC Modern Mortgage Group

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DLC Modern Mortgage Group

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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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Call Agent
Jay Deleskie PREC*
Phone:
250-618-6797
Cell:
250-618-6797
Office:
250-586-1226
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