Condominium buy in Nanaimo British Columbia

ATTENTION DEVELOPERS AND INVESTORS! You do not want to miss out on this large property located just a short stroll from the beach. Welcome to 1415 Loat St, where you will find this 7 bedroom, 4 bathroom home located on an extensive .77 acre lot in the heart of Departure Bay. This home has 3 separate suites and when rented out can work as a great investment property. If you are looking to develop this land there are multiple options for you. This lot can be subdivided under its current zoning, but most importantly in the Official Community Plan this lot can be rezoned. With the OCP allowing for a multi-storey mixed residential/commercial zoning, there is a great opportunity for a beautiful townhome complex and small business. Make sure to book a viewing of this property as it will not last! General Info Property Type: Residential Type: Single Family Detached Year built: 1970 (Age: 52) Living Area: 2,516.63 sq. ft.233.803 m2 Listing General Location: Na Departure Bay, Nanaimo Bedrooms: 7 Bathrooms: 4.0 (Full:-/Half:-) Lot Size: 0.77 acre(s)0.311 hectare(s) Kitchens: 3 Taxes: $4,338 / 2021 Additional Info Construction: Stucco & Siding New Construction: No Basement: Finished Foundation: Concrete Perimeter Roof: Asphalt Shingle Floor finish: Hardwood Total Building Area: 2,516.63 sq. ft.233.803 m2 Total Unfinished Area: 0 sq. ft.0 m2 # Bedrooms or Dens Total: 7 # Main Level Bedrooms: 3 # Second Level Bedrooms: 0 # Third Level Bedrooms: 0 # Lower Level Bedrooms: 3 # Other Level Bedrooms: 1 # Main Level Bathrooms: 2 # Second Level Bathrooms: 0 # Third Level Bathrooms: 0 # Lower Level Bathrooms: 1 # Other Level Bathrooms: 1 # Main Level Kitchens: 1 # Second Level Kitchens: 0 # Third Level Kitchens: 0 # Lower Level Kitchens: 1 # Other Level Kitchens: 1 Fireplaces: 2 Fireplace Details: Living Room, Other Laundry Features: In House Water supply: Municipal Sewer: Sewer Connected Cooling: None Heating: Baseboard, Electric, Space Heater, Other Fireplace: Yes