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! All measurements are approximate (id:44056)

Property Details

Full Address:
585 Hillcrest Ave, Nanaimo, British Columbia
Price:
$ 399,000
MLS Number:
985165
List Date:
January 22nd, 2025
Lot Size:
4525 sq.ft.
Taxes:
$ 2,375

Interior Features

Building Features

Zoning:
Residential
Zoning Detail:
R5
Garage Spaces:
2
Ownership Type:
Freehold
Taxes:
$ 2,375

Floors

Land

Lot Size:
4525 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Kelly Whitton Personal Real Estate Corporation Real Broker
250-933-5333
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Listing Agent(s)

Lead Agent: Kelly Whitton
Office: Real Broker
Originating Board: Vancouver Island Real Estate Board

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