loat st

7 Bedroom House at 1415 Loat St has been sold for $X,XXX,XXX. Click here to view details, map, and photos.

1415 Loat St, Sold in Nanaimo - eXp Commercial Brokerage

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!

Attention Developers And Investors! You Do Not Want To Miss Out On This Large Property Located Just A Short Stroll From The Beach. Welcome To 1415 Loat St, Where You Will Find This 7 Bedroom, 4 Bathroom Home Located On An Extensive .77 Acre Lot In The Heart Of Departure Bay. This Home Has 3 Separate Suites And When Rented Out Can Work As A Great Investment Property. If You Are Looking To Develop This Land There Are Multiple Options For You. This Lot Can Be Subdivided Under Its Current Zoning, But Most Importantly In The Official Community Plan This Lot Can Be Rezoned. With The Ocp Allowing For A Multi-Storey Mixed Residential/Commercial Zoning, There Is A Great Opportunity For A Beautiful Townhome Complex And Small Business. Make Sure To Book A Viewing Of This Property As It Will Not Last! (Id:15898)

Attention Investors And Developers!!! Don'T Miss Out On This Incredible Opportunity To Own A Unique Property Just Steps From The Beach. Welcome To 1415 Loat St, Where You Will Find This 7 Bedroom, 4 Bathroom Home Located On An Extensive .77 Acre Lot In The Heart Of Departure Bay. The Main Living Space Upstairs Features Three Bedrooms, Including The Master Bedroom With An Ensuite And Private Balcony. The Main Floor Also Boasts A Tasteful Kitchen/Dining Room, Handcrafted Ponderosa Pine Hardwood Floors, A Pellet Stove And Multiple Sets Of French Doors Opening Up To A Wrap Around Deck With A Hot Tub And Beautiful Ocean Views. The Lower Level Features An Unauthorized Suite As Well As A Studio Suite, Both Featuring Separate Entrances. The Property Is Surrounded By Mature Trees And Hedges, Bringing Ample Privacy To The Home. On The Lower Half Of The Property, You Will Find A Large Detached Workshop With A Built In Hvac System, A Wood Burning Stove And Tons Of Covered Space For Boat And Rv Parking. (Id:15898)

1415 Loat St, Nanaimo, BC

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