1415 Loat St Nanaimo, British Columbia V9S 3L2
$1,450,000
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! (id:48643)
Property Details
| MLS® Number | 984877 |
| Property Type | Single Family |
| Neigbourhood | Departure Bay |
| Features | Central Location, Southern Exposure, Other |
| Parking Space Total | 8 |
| Plan | Vip5439 |
| Structure | Patio(s) |
| View Type | Mountain View, Ocean View |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 7 |
| Constructed Date | 1947 |
| Cooling Type | None |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Radiant/infra-red Heat |
| Size Interior | 3,031 Ft2 |
| Total Finished Area | 2527 Sqft |
| Type | House |
Land
| Acreage | No |
| Size Irregular | 0.77 |
| Size Total | 0.77 Ac |
| Size Total Text | 0.77 Ac |
| Zoning Description | R1 |
| Zoning Type | Residential |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Patio | 17'10 x 5'10 | ||
| Lower Level | Mud Room | 15'4 x 7'1 | ||
| Lower Level | Bathroom | 3-Piece | ||
| Lower Level | Bedroom | 10'6 x 7'10 | ||
| Lower Level | Bedroom | 10'11 x 9'0 | ||
| Lower Level | Bedroom | 10'11 x 7'7 | ||
| Lower Level | Kitchen | 16'5 x 11'3 | ||
| Lower Level | Bathroom | 2-Piece | ||
| Lower Level | Kitchen | 7'6 x 4'0 | ||
| Lower Level | Bedroom | 12'0 x 7'10 | ||
| Main Level | Ensuite | 3-Piece | ||
| Main Level | Bathroom | 4-Piece | ||
| Main Level | Primary Bedroom | 17'6 x 12'3 | ||
| Main Level | Bedroom | 14'5 x 9'0 | ||
| Main Level | Laundry Room | 4'4 x 3'11 | ||
| Main Level | Bedroom | 10'1 x 7'9 | ||
| Main Level | Dining Nook | 11'6 x 6'9 | ||
| Main Level | Kitchen | 11'6 x 8'5 | ||
| Main Level | Living Room/dining Room | 20'3 x 19'7 |
https://www.realtor.ca/real-estate/27822522/1415-loat-st-nanaimo-departure-bay
Contact Us
Contact us for more information
Kate Philpott
www.thebaldguy.ca/
www.facebook.com/TheBaldGuyRealEstateTeam/
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#2 - 3179 Barons Rd
Nanaimo, British Columbia V9T 5W5
(833) 817-6506
(866) 253-9200
www.exprealty.ca/
Dean Philpott
Personal Real Estate Corporation
www.thebaldguy.ca/
www.facebook.com/TheBaldGuyRealEstateTeam/
www.linkedin.com/company/the-bald-guy-real-estate-team
twitter.com/thebaldguyteam
#2 - 3179 Barons Rd
Nanaimo, British Columbia V9T 5W5
(833) 817-6506
(866) 253-9200
www.exprealty.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
March 05 2025 01:22:22
Vancouver Island Real Estate Board
Exp Realty (Na)