Forgot password Extend Verify Contact
Main Photo: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
Photo 1: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
Photo 2: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
Photo 3: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
Photo 4: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
Photo 5: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
Photo 6: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
Photo 7: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
Photo 8: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
Photo 9: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
Photo 10: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
Photo 11: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
Photo 12: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1034380
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:
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:
Total Building Area:
641 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Fireplace:
No
Pending Date:
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:
Lot Site Features:
Rectangular Lot, Serviced
Parking Features:
On Site
Road Surface Type:
Paved
Total Units:
Date Listed:
May 01, 2026
Original Price:
575000.0
  • Photo 1: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
    Photo 1 of 12
  • Photo 2: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
    Photo 2 of 12
  • Photo 3: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
    Photo 3 of 12
  • Photo 4: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
    Photo 4 of 12
  • Photo 5: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
    Photo 5 of 12
  • Photo 6: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
    Photo 6 of 12
  • Photo 7: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
    Photo 7 of 12
  • Photo 8: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
    Photo 8 of 12
  • Photo 9: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
    Photo 9 of 12
  • Photo 10: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
    Photo 10 of 12
  • Photo 11: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
    Photo 11 of 12
  • Photo 12: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1034380
    Photo 12 of 12
Listed by Pemberton Holmes Ltd. (Pkvl)
Data was last updated May 4, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
108
Avg list price:
$1,031,946
Min list price:
$23
Max list price:
$25,000,000
Avg days on market:
100
Min days on market:
3
Max days on market:
707
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.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.