$575,000
FOR SALE

Detached

Bedrooms: 1Bathrooms: 1

1620 Loat St
Nanaimo, BC V9S 3L4 | Departure Bay

If you want to live/build in the best area of departure bay this is one of the best entrances to live on a Clean 7200 sq ft lot surounded by mature established properties & set along the edge of a plateau giving you a sweeping ocean view over popular Departure Bay beach with its beautiful boardwalk & commercial amenities. Weather looking to raise your family, enjoy your retirement or develop a property in an attractive neighborhood this land can provide you with the competitive edge you have been looking for. R5 zoned allows for up to 4 units of residential. If combined with adjacent 1630 loat st doubling your site to 14400 sq ft & develop up to 8 units across 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/net positive when looking to maximize your buildout. Single or multifamily development these sites are ready for any of your future plans. House is currently rented for $1700 plus utilities. (id:47421)
Share
Listed By Pemberton Holmes Ltd. (Pkvl)
Data Provided By Vancouver Island Real Estate Board
MLS® Listing Number 1026762
Last Updated Apr 15, 2026
Property Summary
Property Type Detached

More like this:
Neighbourhood Departure Bay
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Bedrooms 1
Bathrooms 1
Features Acreage, Central location, Southern exposure, Partially cleared, Other, Rectangular, Marine Oriented
Listing Contract Date 2026-02-23
Municipal ID 009-078-550
Ownership Type Freehold
# of Parking Spaces 2
Property Type Single Family
Transaction Type For sale
Views Ocean view, Valley view
Zoning Description R5
Zoning Residential
Building
Appliances Dryer, Stove, Refrigerator, Washer
Constructed Date 1910
Cooling Type None
Fireplace Present Yes
# of Fireplaces 1
Heating Fuel Electric
Type House
Rooms
Room Level Dimensions Notes
Dining roomMain level6'9 x 11'1
KitchenMain level6'2 x 11'1
Living roomMain level15'6 x 11'1
BathroomMain level4-Piece
BedroomMain level12'4 x 9'4
Parking Spaces
Name Spaces
Stall
Land
Total Size 7200 square feet
Access Type Road access
Acreage Yes
Size of Irregular Land 7200

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)