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Listing by Kelly Whitton RE/MAX of Nanaimo
$ 399,000
Est. payment | /mo
4,356 Sqft Lot
$ 399,000
Est. payment | /mo
4,356 Sqft Lot
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 985171
HOA Y/N No
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
Province BC
County Nanaimo, City Of
Community Na University District
Area Nanaimo
Zoning R5
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Others
Ownership Freehold
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