1620 LOAT STREET - $575,000

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$575,000
1620 LOAT STREET
Nanaimo, British Columbia V9S3L4
MLS® Number: 1034380
Multi-FamilyType

About This Property

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 (id:64973)

Property Details

Lot Size7230 (7,230 square feet)
Property TypeMulti-Family
ViewOcean view
Annual Taxes$2,536
CityNanaimo
Postal CodeV9S3L4
MLS® #1034380

Location

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