1620 LOAT STREET - 1 Bed 1 Bath - $575,000

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$575,000
1620 LOAT STREET
Nanaimo, British Columbia V9S3L4
MLS® Number: 1026762
1Beds
1Baths
664Sq Ft
2Parking
1910Year Built
Single FamilyType

About This Property

If you want to live/build in the best area of departure bay this is one of the best entrances to live on a Clean 7200 sq ft lot surounded by mature established properties & set along the edge of a plateau giving you a sweeping ocean view over popular Departure Bay beach with its beautiful boardwalk & commercial amenities. Weather looking to raise your family, enjoy your retirement or develop a property in an attractive neighborhood this land can provide you with the competitive edge you have been looking for. R5 zoned allows for up to 4 units of residential. If combined with adjacent 1630 loat st doubling your site to 14400 sq ft & develop up to 8 units across 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/net positive when looking to maximize your buildout. Single or multifamily development these sites are ready for any of your future plans. House is currently rented for $1700 plus utilities. (id:64973)

Property Details

Bedrooms1
Bathrooms1
Living Area664 sq ft
Lot Size7200 (7,200 square feet)
Year Built1910
Property TypeSingle Family
Parking2
HeatingElectric
CoolingNone
AppliancesWasher, Refrigerator, Stove, Dryer
ViewOcean view, Valley view
Annual Taxes$2,245
CityNanaimo
Postal CodeV9S3L4
MLS® #1026762

Location

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