1415 Loat St, Departure Bay
Nanaimo, British Columbia V9S3L2
$1,450,000
7
Bed
4
Bath
3,031.01 sqft
Area
478.39
$/sqft
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! (id:47740)
- Fireplace Present
- Yes
- Building Type
- House
- Attached Structures
- Patio(s)
- Lower level
- Patio
- 17'10 x 5'10
- Mud room
- 15'4 x 7'1
- Bathroom
- 3-Piece
- Bedroom
- 10'6 x 7'10
- Bedroom
- 10'11 x 9'0
- Bedroom
- 10'11 x 7'7
- Kitchen
- 16'5 x 11'3
- Bathroom
- 2-Piece
- Kitchen
- 7'6 x 4'0
- Bedroom
- 12'0 x 7'10
- Main level
- Ensuite
- 3-Piece
- Bathroom
- 4-Piece
- Primary Bedroom
- 17'6 x 12'3
- Bedroom
- 14'5 x 9'0
- Laundry room
- 4'4 x 3'11
- Bedroom
- 10'1 x 7'9
- Dining nook
- 11'6 x 6'9
- Kitchen
- 11'6 x 8'5
- Living room/Dining room
- 20'3 x 19'7
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! (id:47740)
| Status | Active |
|---|---|
| Prop. Type | Single Family |
| MLS Num. | 984877 |
| Year Built | 1947 |
Related Properties
4631 Laguna Way
|
2559 Myles Lake Rd
|
1751 Glastonbury Rd
|
3574 Oakridge Dr
|