About 1620 Loat St
Cash flowing $2200/month, If you want to live/build in the best area of departure bay this is one of the best entrances tolive on a Clean 7200 sq ft lot surounded by mature established properties & set along theedge of a plateau giving you a sweeping ocean view over popular Departure Bay beach with itsbeautiful boardwalk & commercial amenities. Weather looking to raise your family, enjoy yourretirement or develop a property in an attractive neighborhood this land can provide you with thecompetitive edge you have been looking for. R5 zoned allows for up to 4 units of residential. Ifcombined with adjacent 1630 loat st doubling your site to 14400 sq ft & develop up to 8 unitsacross both lots. Utilizing the sewer right of way for site access/parking in a proposed development plan can quickly turn the typically viewed negative(right of way) into a nutrel/netpositive when looking to maximize your buildout. Single or multifamily development these sites areready for any of your future plans
Features of 1620 Loat St
| MLS® # | 1044119 |
|---|---|
| Price | $524,900 |
| Square Footage | 641 |
| Acres | 0.16 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1620 Loat St |
|---|---|
| Area | Na Departure Bay |
| City | Nanaimo |
| County | Nanaimo, City of |
| Province | BC |
| Postal Code | V9S 3L4 |
Amenities
| View | Ocean |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Electric |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Fencing: Partial |
|---|---|
| Construction | Frame Wood |
Additional Information
| Date Listed | July 20th, 2026 |
|---|---|
| Days on Market | 54 |
| Zoning | Multifamily R5 |
Listing Details
| Office | William Wright Commercial Real Estate Services |
|---|