1415 Loat St

Status
active
Nanaimo, BC V9S 3L2
$ 1,450,000
  • 7
  • 4
  • 3,031
  • 1947

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!

Property Type
Year Built
MLS #
SqFt Total
Lot Size
Building Style
Parking Total
Tax Annual
Community Information
Neighborhood
City
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!

Map

Rooms

Kitchen
Bedroom
Kitchen
Bedroom
Bathroom
Bedroom
Bedroom
Bathroom
Mud Room
Patio
Garage
Dining/Living Combo
Kitchen
Eating Nook
Bedroom
Bedroom
Laundry
Bedroom - Primary
Bathroom
Ensuite
Deck
Deck
Deck

Property

Lot Size
Lot Features
View
Direction Faces
Sewer
Water
Utilities
Bedrooms
Bathrooms
Year Built
Property Condition
Style
Construction Materials
Roof
Foundation Materials
Interior Features
Building Features
Appliances
Fireplace
Flooring
Entry
Laundry Features
Additional Accommodation
Kitchens
Accessibility Features
Other Structures
Parking
Garage Spaces
Parking Total
Heating
Cooling
Pets Allowed

Other

Address
Area
County
City
Postal Code
Major Area
Tax Annual
Tax Year
Rental Allowed
Association Fee Year
Youngest Age Allowed

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Derek Gillette PREC*
1-250-585-3322

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1415 Loat St, Nanaimo, BC, V9S 3L2

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