Address
585 Hillcrest Ave, Nanaimo, BC
Price
$ 399,000
Property Attributes
  • MLS#985165
  • TypeLot-Land
  • Listing Status Active
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa University District
  • Postal CodeV9R 3M6
  • StyleLand
  • Taxes$ 2375
  • Price$ 399,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.1 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
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! All measurements are approximate

General Features

Sewer Sewer To Lot
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs
Zoning R5
Property Subtype Land
Property Type Residential
Parking Total 2
Zoning Type Residential

Exterior Features

Water Source To Lot
Lot Size Square Feet 4525.00
Lot Size Acres 0.10

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Lot-Land Average in V9R 3M6

Price
AVG $400K
$400K
Taxes
AVG $2,375
$2,375
Visits
AVG 562
561
Data Provided by Inside Real Estate®

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