1415 Loat St Active Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9S 3L2
Key Details
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,527 sqft
Price per Sqft $573
MLS Listing ID 984877
Style Ground Level Entry With Main Up
Bedrooms 7
Rental Info Unrestricted
Year Built 1947
Annual Tax Amount $7,012
Tax Year 2024
Lot Size 0.770 Acres
Acres 0.77
Property Sub-Type Single Family Detached
Property Description
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!
Location
State BC
County Nanaimo, City Of
Area Nanaimo
Zoning R1
Rooms
Basement Finished,Walk-Out Access,With Windows
Main Level Bedrooms 3
Kitchen 3
Interior
Interior Features Dining Room,French Doors,Workshop
Heating Baseboard,Electric,Space Heater
Cooling None
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Living Room,Wood Burning
Fireplace Yes
Appliance F/S/W/D,Hot Tub,Oven/Range Electric,Refrigerator
Heat Source Baseboard,Electric,Space Heater
Laundry In House
Exterior
Exterior Feature Fencing: Full
Parking Features Driveway,Garage Triple
Garage Spaces 3.0
Utilities Available Electricity To Lot,Phone To Lot
View Y/N Yes
View Mountain(s),Ocean
Roof Type Asphalt Shingle
Total Parking Spaces 8
Building
Lot Description Central Location,Easy Access,Family-Oriented Neighbourhood,Near Golf Course,Recreation Nearby,Serviced,Southern Exposure
Faces East
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Additional Building Exists
Structure Type Frame Wood,Insulation All,Stucco & Siding
Others
Pets Allowed Yes
Restrictions Other
Tax ID 005-967-848
Ownership Freehold
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs