Angela Espey
460 Realty Inc.
Your Trusted Partner in Real Estate. Contact me at (250) 751-9012 for all your property needs.
1415 Loat St
Nanaimo
V9S 3L2
$1,450,000
Residential
beds: 7
baths: 4.0
2,527 sq. ft.
built: 1947
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 984877
- Bedrooms:
- 7
- Bathrooms:
- 4
- Year Built:
- 1947
- Photos (34)
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This is a rare chance to secure a multifamily development opportunity in one of Nanaimo’s most sought-after neighborhoods. Situated on a .77-acre lot overlooking Departure Bay and just steps from the beach, this property offers an exceptional opportunity for a low-risk, high-return legacy project. The rezoning process has been completed, with third reading and rezoning approval finalized. The project is now civil-ready, with plans for 13 modern, architecturally designed townhomes by renowned local architect Ian Nimath. This development is poised to be a standout addition to the area. Adding immediate value, the property currently includes a well-maintained 2,500 sq. ft. home with 7 bedrooms, configured as three separate rental units, providing income potential while you plan your next steps. The original developer has stepped away, presenting a unique opportunity for you to take the reins and bring this vision to life!
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1947 (Age: 78)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 2,527 sq. ft.
- Listing General Location:
- Na Departure Bay, Nanaimo
- Bedrooms:
- 7
- Bathrooms:
- 4.0 (Full:-/Half:-)
- Lot Size:
- 0.765 acre(s)
- Kitchens:
- 3
- Taxes:
- Signup
- Construction:
- Frame Wood, Insulation All, Stucco & Siding
- New Construction:
- No
- Basement:
- Finished, Walk-Out Access, With Windows
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Roof:
- Asphalt Shingle
- Ceiling Heights:
- Signup
- Floor finish:
- Hardwood
- Total Building Area:
- 3,031 sq. ft.
- Total Unfinished Area:
- 504 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 7
- # Main Level Bedrooms:
- 3
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 4
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 2
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 2
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 2
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 969 sq. ft.
- Living Area Main Floor:
- 1,390 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 1
- Fireplace Details:
- Living Room, Wood Burning
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Additional Accommodations:
- Exists
- Cooling:
- None
- Heating:
- Baseboard, Electric, Space Heater
- Fireplace:
- Yes
- Pending Date:
- Signup
- F/S/W/D, Hot Tub, Oven/Range Electric, Refrigerator
- Dining Room, French Doors, Workshop
- Fencing: Full
- Mountain(s), Ocean
- Ground Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Floor
- Ensuite
- Pieces
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 1
- Number of 3 piece baths:
- 1
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 1
- Number of 4 piece Ensuites:
- 0
- Occupancy:
- Tenant
- Property Condition:
- Resale
- Utilities:
- Electricity Connected, Phone Connected
- Exposure / Faces:
- East
- Layout:
- Ground Level Entry With Main Up
- Lot Site Features:
- Central Location, Easy Access, Family-Oriented Neighbourhood, Near Golf Course, Recreation Nearby, Serviced, Southern Exposure
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 3
- Garage:
- Yes
- Parking Features:
- Driveway, Garage Triple
- Total Parking Spaces:
- 8
- Rent Includes:
- Electricity, Heat, Hot Water
- Total Units:
- Signup
- Date Listed:
- Jan 20, 2025
- Original Price:
- 1450000.0
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Potential development rendering -
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Aerial view of current home on property
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Ocean views from the property
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Current home on property
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Unit #3 (studio)
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Unit #3 (studio) *virtually staged
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Unit #2 (upper floor) *virtually staged
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Photo 20 of 34
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Unit #1 (lower floor)
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Unit #1 (lower floor) *virtually staged
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Potential development rendering
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Potential development rendering
Listed by eXp Realty (NA)
Data was last updated February 5, 2025 at 04:05 AM (UTC)
Area Statistics
- Listings on market:
- 35
- Avg list price:
- $849,900
- Min list price:
- $399,000
- Max list price:
- $2,995,000
- Avg days on market:
- 62
- Min days on market:
- 4
- Max days on market:
- 246
- Avg price per sq.ft.:
- $436.89
These statistics are generated based on the current listing's property type
and located in
Na Departure Bay. Average values are
derived using median calculations.
- ANGELA ESPEY
- 460 REALTY INC.
- 1 (250) 7519012
- Contact by Email
Quick Links
Contact Me
Cell: (250) 751-9012
angelaespey@gmail.com
Head Office
202-1551 ESTEVAN RD. NANAIMO
Nanaimo, BC, V9S 3E3