1620 Loat St$524,900
Property Description
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
Property Details
- Property ID:31835556
- Price:$524,900
- Property Type:Commercial Sale
- Lot Size:7230.00 sq ft
- Status:Active
- City:Nanaimo
- State/Province:BC
- Postal Code:V9S 3L4
- Listing Agent:Jay Deleskie
- Office:William Wright Commercial Real Estate Services
Condition
- 3 Bedrooms
- 2 Bathroom
- 1 Garage
- 1 Balcony
- 4800 sq ft
- TV
Features
- Air conditioning
- Wifi
- Swimming Pool
- Double Bed
- Balcony
- Telephone
- Garage
- Parking
- TV
- Home Theater
- Alarm
- Garage
- Gym
- Electric Range
- Private space
Floor Plans
| Size | Rooms | Bathrooms |
| 1600 | 3 | 2 |
Property Vedio
Property Location
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