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
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