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Aerial perspective showcasing a residential property within a coastal community
Photo 1: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 2: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 3: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 4: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 5: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 6: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 7: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 8: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 9: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 10: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 11: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 12: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 13: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 14: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 15: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 16: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 17: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 18: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 19: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 20: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 21: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 22: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 23: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 24: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 25: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 26: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 27: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Photo 28: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
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
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
  • Photo 1: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Aerial perspective showcasing a residential property within a coastal community
  • Photo 2: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Expansive lot featuring significant landscaping potential, mature trees, and partial water scenery
  • Photo 3: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Aerial perspective of a neighborhood featuring multiple single-family homes with diverse architectural styles
  • Photo 4: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Coastal neighborhood featuring residential properties and tree-lined streets near a body of water
  • Photo 5: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Aerial perspective showcasing a residential neighborhood with diverse architectural styles, mature trees, and paved roads
  • Photo 6: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Coastal neighborhood with residential properties, mature trees, and direct access to a calm bay
  • Photo 7: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Aerial overview of a coastal neighborhood with residential properties, verdant trees, and a distant mountain range
  • Photo 8: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Waterfront community setting with expansive ocean views
  • Photo 9: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Image quality insufficient for description
  • Photo 10: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Aerial perspective showcasing a residential neighborhood with varied architectural styles and abundant natural tree cover
  • Photo 11: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Residential neighborhood featuring a grid of streets, individual homes with varying rooflines, mature trees, and surrounding natural landscapes
  • Photo 12: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Residential community with numerous single-family homes and mature landscaping, bordered by extensive natural wooded areas and a golf course
  • Photo 13: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Residential neighborhood with varied architectural styles and mature landscaping against a backdrop of forested hills
  • Photo 14: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Expansive property featuring abundant mature trees and surrounding green landscaping
  • Photo 15: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Expansive lot featuring mature trees and established perimeter hedging
  • Photo 16: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Residential neighborhood featuring mature trees and mountain scenery
  • Photo 17: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Aerial perspective showcasing a residential area with varied housing styles
  • Photo 18: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Aerial perspective showcasing a residential neighborhood with a mountainous backdrop
  • Photo 19: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Expansive residential area featuring a variety of architectural styles, mature trees, paved streets, and a distant mountain range
  • Photo 20: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Contemporary residence featuring a flat roofline, white exterior siding, and a dark-framed balcony with a glass railing
  • Photo 21: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Expansive lot featuring mature trees and a sloped terrain
  • Photo 22: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Residential neighborhood featuring mature trees and established homes
  • Photo 23: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Established residential neighborhood with a variety of architectural styles, mature trees, and mountainous terrain in the background
  • Photo 24: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Aerial perspective showcasing a residential area with a prominent waterfront
  • Photo 25: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Residential neighborhood with established homes and mature trees
  • Photo 26: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Aerial perspective showcasing multiple properties, including a prominent two-story residence with a dark roof and light-colored siding
  • Photo 27: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Expansive lot featuring mature perimeter hedging and a variety of established plantings
  • Photo 28: 1620 Loat St in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 1044119
    Expansive lot featuring a primary structure with a red shingle roof and an additional detached structure with a red shingle roof
Listed by William Wright Commercial Real Estate Services
Data was last updated July 26, 2026 at 06:05 PM (UTC)
Area Statistics
Listings on market:
106
Avg list price:
$1,226,500
Min list price:
$99,000
Max list price:
$25,000,000
Avg days on market:
97
Min days on market:
2
Max days on market:
790
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.