1415 Loat St, Nanaimo, British Columbia V9S3L2
Contact us about this property
Highlights
Estimated ValueThis is the price Wahi expects this property to sell for.
The calculation is powered by our Instant Home Value Estimate, which uses current market and property price trends to estimate your home’s value with a 90% accuracy rate.Not available
Price/Sqft$478/sqft
Est. Mortgage$6,227/mo
Tax Amount ()-
Days On Market2 days
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! (id:39198)
Property Details
Interior
Features
Lower level Floor
Patio
17'10 x 5'10Mud room
15'4 x 7'1Bathroom
Bedroom
10'6 x 7'10Exterior
Parking
Garage spaces 8
Garage type -
Other parking spaces 0
Total parking spaces 8
Property History
34