DEPARTURE BAY LISTINGS
1620 Loat St
Nanaimo
V9S 3L4
$524,900
Residential
beds: 1
baths: 1.0
664 sq. ft.
built: 1910
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1044107
- Bedrooms:
- 1
- Bathrooms:
- 1
- Year Built:
- 1910
- Photos (26)
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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 Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1910 (Age: 116)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 664 sq. ft.
- Listing General Location:
- Na Departure Bay, Nanaimo
- Bedrooms:
- 1
- Bathrooms:
- 1.0 (Full:-/Half:-)
- Lot Size:
- 7,200 sq. ft.
- Kitchens:
- 1
- Taxes:
- Signup
- Construction:
- Brick & Siding
- New Construction:
- No
- Basement:
- None
- Foundation:
- Concrete Perimeter, Other
- Roof:
- Asphalt Shingle
- Ceiling Heights:
- Signup
- Floor finish:
- Carpet, Laminate
- Total Building Area:
- 664 sq. ft.
- Total Unfinished Area:
- 0 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 1
- # Main Level Bedrooms:
- 1
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 0 sq. ft.
- Living Area Main Floor:
- 664 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 1
- Fireplace Details:
- Living Room, Wood Burning
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Electric
- Fireplace:
- Yes
- Pending Date:
- Signup
- Dryer, Refrigerator, Washer
- Breakfast Nook
- Fencing: Partial, Garden
- Valley, Ocean
- Ground Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- City of Nanaimo
- Legal Description:
- Signup
- Zoning:
- R5
- Accessibility:
- Ground Level Main Floor
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Occupancy:
- Tenant
- Property Condition:
- Land Value Only, Resale
- Exposure / Faces:
- North
- Layout:
- Rancher
- Lot Site Features:
- Acreage, Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Marina Nearby, Near Golf Course, Quiet Area, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Southern Exposure
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Driveway
- Total Parking Spaces:
- 2
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Jul 20, 2026
- Original Price:
- 459900.0
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Listed by William Wright Commercial Real Estate Services
Data was last updated October 12, 2026 at 12:05 PM (UTC)
Area Statistics
- Listings on market:
- 75
- Avg list price:
- $830,000
- Min list price:
- $285,000
- Max list price:
- $3,250,000
- Avg days on market:
- 45
- Min days on market:
- 2
- Max days on market:
- 396
- Avg price per sq.ft.:
- $404.64
These statistics are generated based on the current listing's property type
and located in
Na Departure Bay. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- DEANA BAUMEL PREC
- REAL BROKER BC Ltd.
- 250-619-1220
- Deana@NanaimoPropertyGroup.ca
- MICHAEL PETERSON PREC
- RE/MAX PROFESSIONALS
- 250-756-7653
- Michael@NanaimoPropertyGroup.ca