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Main Photo: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 1: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
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Photo 27: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1044119
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:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Departure Bay, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
7,230 sq. ft.
Taxes:
Construction:
Frame Wood
Ceiling Heights:
Floor finish:
Carpet, Laminate
Total Building Area:
641 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Baseboard, Electric
Fireplace:
No
Pending Date:
Fencing: Partial
Ocean
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
Multifamily R5
Units in Building:
Units in Community:
Occupancy:
Tenant
Lot Site Features:
Rectangular Lot, Serviced, Southern Exposure
Parking Features:
On Site
Road Surface Type:
Paved
Total Units:
Date Listed:
Jul 20, 2026
Original Price:
549900.0
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Listed by William Wright Commercial Real Estate Services
Data was last updated September 9, 2026 at 04:05 AM (UTC)
Area Statistics
Listings on market:
96
Avg list price:
$1,242,500
Min list price:
$46,900
Max list price:
$25,000,000
Avg days on market:
92
Min days on market:
5
Max days on market:
637
These statistics are generated based on the current listing's property type and located in Nanaimo. Average values are derived using median calculations. This data is not produced by the MLS® system.

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