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This 0 bedroom, 0 bathroom multi family is listed for sale at $549,900 in Nanaimo, British Columbia. Lot size: 6,970 sq ft (0.16 acres).MLS® #1044119.
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
Looking for homes for sale in Nanaimo? Browse Nanaimo real estate listings,commercial sale properties, and Vancouver Island homes on IslandSold.com. Part of the Nanaimo area.
Property Type
Multi Family
Lot Size
6,970 sq ft(0.16 acres)
Bedrooms
0
Bathrooms
0
Area
Nanaimo
Neighborhood
Departure Bay
Listed
Jul 20, 2026
MLS® Number
#1044119
View comprehensive market analysis for Loat St including recent sales, pricing trends, and days on market statistics. Compare this property with other homes on the same street to better understand the local market.
View Loat St Market ReportIf 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

Dallas King
Personal Real Estate Corporation
RE/MAX Generation
Discover more properties and explore the Nanaimo community, including the Departure Bay neighborhood.
Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$4,250
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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