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585 Hillcrest Ave, Nanaimo, BC V9R 3M6
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Listed by Kelly Whitton Real Broker
$ 399,000
Est. payment /mo
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Active

585 Hillcrest Ave Nanaimo, BC V9R 3M6

4,356 Sqft Lot


UPDATED:

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 No

Garage No

Others

Ownership Freehold


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About Leahann

Two decades of design.
One city she never
stopped calling home.

Leahann Nordin Real Estate Agent · Real Broker B.C. Ltd. · VREB

Victoria-raised and design-educated, Leahann spent two decades working across Vancouver and the Okanagan in luxury residential design, multi-family development, and large-scale renovation before returning home. She brings a designer's eye and a project manager's discipline to every transaction — so nothing falls through the cracks and nothing feels rushed.

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