1415 Loat St, Nanaimo, BC, V9S 3L2

$1,450,000

MLS® # 984877

House For Sale In Departure Bay, Nanaimo, British Columbia

$1,450,000

  • 7

    Bedrooms

  • 4

    Baths

  • 0.77 Acres

    Lot Size

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

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.

Additional Photos