585 Hillcrest Ave
Nanaimo, British Columbia
MLS® 985165
$399,000
- Status
- Active
- Property type
- Vacant land
- MLS® number
- 985165
- Bedrooms
- 0
- Bathrooms
- 0
- Year built
- —
1 / 2Listing 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
Property summary
- MLS® number
- 985165
- Property type
- Vacant Land
- Title
- Freehold
- Land size
- 4525 square feet
- Annual property taxes
- $2,375.00
- Parking
- 2 spaces
- Days on market
- 600 days
What would this home cost you?
Based on the $399,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Real Broker, Campbell River.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.