Active
1415 Loat St
Nanaimo BC, V9S 3L2
$1,450,000
$573.80 per sqft
Active
7 Beds
4 Baths
2,527 sqft
Residential
Built in 1947
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!
984877
MLSⓇ ID
January 20, 2025
Listed
February 19, 2025
Updated
Interior Features
Bedrooms
7
Total Bathrooms
4
Interior Features
Dining Room, French Doors, Workshop
Appliances
F/S/W/D, Hot Tub, Oven/Range Electric, Refrigerator
Laundry Description
In House
Floor Description
Hardwood
Fireplace
Yes
Fireplace Description
Living Room, Wood Burning
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard, Electric, Space Heater
Exterior/Building Features
Lot Size
0.77 Acres
Exterior Features
Fencing: Full
Lot Features
Central Location, Easy Access, Family-Oriented Neighbourhood, Near Golf Course, Recreation Nearby, Serviced, Southern Exposure
Roof
Asphalt Shingle
Sewer
Sewer Connected
Other Property Details
Area Name
Nanaimo
Taxes
$7,012
Tax Frequency
Annually
Days on Market
30
Garage
Yes
Garage Spaces
3
Parking
Driveway, Garage Triple
Parking Total
8
View
Yes
View Description
Mountain(s), Ocean
County
Nanaimo, City of
Water Source
Municipal
Pets Allowed
Yes
Pool
No
Utilities
Electricity Connected, Phone Connected
Zoning
R1
Courtesy of eXp Realty (NA), Kate Philpott
Listing Contact: 250-668-7572
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