CABCNanaimoDeparture Bay1415 Loat St
Potential development rendering | Image 1
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1415 Loat St, Nanaimo, BC

House

Sold

$--,---,---
$1,450,000

748

MLS® 984877

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2527 sqft
Garage Yes
Taxes $7,012
Lot Size 0.77 acres
Approx. Age 1947
Avg. Price Per Sqft $573
MLS® Number 984877

Property Address: 1415 Loat St, Nanaimo, BC, V9S3L2

Average square foot calculated using Size range provided by listing agent.

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!Show Description
MLS® Number984877
Laundry LevelIn House
Central VacNo
FireplaceNo
Acreage0.77
Exterior
GarageYes
Approx. Age1947
BasementFinished, Walk-Out Access, With Windows
DrivewayDriveway, Garage Triple
Garage Spaces3
Heat
A/C
Heating Fuel

Extras

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1415 Loat St, Nanaimo, BC

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