Address
1620 Loat St, Nanaimo, BC
Price
$ 524,900
Property Attributes
  • MLS#1044119
  • TypeCommercial
  • Listing Status Active
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Departure Bay
  • Postal CodeV9S 3L4
  • StyleMulti Family
  • Taxes$ 2535
  • Price$ 524,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage641
  • Lot Size0.16 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property Description

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

General Features

Sewer Sewer Connected
Heating Baseboard,Electric
Zoning Multifamily R5
View Ocean
Property Subtype Multi Family
Property Type Commercial Sale
Construction Materials Frame Wood
Commercial Area Not Applicable
Commercial Listing Type Building,Land

Interior Features

Flooring Carpet,Laminate
Total Units 1

Exterior Features

Exterior Features Fencing: Partial
Lot Features Rectangular Lot,Serviced,Southern Exposure
Water Source Municipal
Building Area Total 641.00
Lot Size Square Feet 7230.00
Lot Size Acres 0.16
View YN Yes
Parking Onsite YN Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V9S 3L4

Price
AVG $520K
$520K
Taxes
AVG $2,535
$2,535
Visits
AVG 13
13
Data Provided by Inside Real Estate®

Areas We Cover