1415 Loat St, Nanaimo, BC, V9S 3L2

QuickQuote^TM: $1.4M - $1.8M

MLS® # 984877

7 Beds

4 Baths

3031 FEETSQ sqft

Property Information:

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!

Property Features:

Bedrooms: 7
Bathrooms: 4
Annual Tax Amount: $7,012
Appliances: F/S/W/D, Hot Tub, Oven/Range Electric, Refrigerator
Basement: Finished, Walk-Out Access, With Windows
Built in: 1947
Construction Materials: Frame Wood, Insulation All, Stucco & Siding
Cooling: None
Exterior Features: Fencing: Full
Fireplace Features: Living Room, Wood Burning
Floor Space (approx): 3031 Square Feet
Flooring: Hardwood
Foundation Details: Concrete Perimeter
Heating: Baseboard, Electric, Space Heater
Interior Features: Dining Room, French Doors, Workshop
Laundry Features: In House
Lot Features: Central Location, Easy Access, Family-Oriented Neighbourhood, Near Golf Course, Recreation Nearby, Serviced, Southern Exposure
Lot Frontage: 33333 Square Feet
Lot Size: 0.77 Acres
Ownership: Freehold
Parking Features: Driveway, Garage Triple
Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Property Condition: Resale
Property Sub Type:
Rent Includes: Electricity, Heat, Hot Water
Roof: Asphalt Shingle
Utilities: Electricity Connected, Phone Connected
View: Mountain(s)
Water Source: Municipal
Zoning: R1
Zoning Description: Residential
Sewer:
No. of Parking Spaces: 8

Rooms:

Kitchen Other level :Lower 2.29 m x 1.22 m
Bedroom Other level :Lower 3.66 m x 2.39 m
Kitchen Other level :Lower 5.00 m x 3.43 m
Bedroom Other level :Lower 3.33 m x 2.31 m
Bathroom Other level :Lower
Bedroom Other level :Lower 3.33 m x 2.74 m
Bedroom Other level :Lower 3.20 m x 2.39 m
Bathroom Other level :Lower
Other Other level :Lower 4.67 m x 2.16 m
Other Other level :Lower 5.44 m x 1.78 m Note: Patio

Convert Measurement to:

Courtesy of: eXp Realty (NA)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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