$375,000
Est. payment /mo
4,356 Sqft Lot
Price Dropped by $50K
585 Hillcrest Ave Nanaimo, BC V9R 3M6
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Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 985171
Rental Info Unrestricted
Annual Tax Amount $2,375
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Unimproved Land
Property Description
Attention Builders and Investors: Opportunity in the Heart of Nanaimo's University District! 585 Hillcrest St. This is your chance to purchase an R5 Lot to build up to a 4 Plex. This 4550 sq. ft parcel of vacant land is ready for your ideas and development. This lot boasts excellent laneway access and is located just a short walk from VIU, a prime area for rental demand. And there's more—there is also 2 more separate lots and PIDS available under a separate MLS listing. This unique offering is a true income generator as you navigate the permitting process. Lot 1: A 6,457 sq. ft. property featuring a rentable home that is currently vacant—perfect for immediate revenue potential. Lot 2: A 4,525 sq. ft. parcel of vacant land, ready for development. Presenting the rare opportunity to create a 3 lot, 12-unit Project. Whether you're looking to build, develop, or invest, this is a strategic acquisition you don't want to miss!
Location
State BC
County Nanaimo, City Of
Area Nanaimo
Zoning R5
Exterior
Parking On Site 1
Others
Pets Allowed Yes
Tax ID 007-181-850
Ownership Freehold
Listed by RE/MAX of Nanaimo
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