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555 Milton St, Nanaimo, BC, V9R 2L3

MLS® # 1017869
Vacant Land For Sale In Nanaimo, British Columbia
$450,000

None Beds

555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
555 Milton St, Nanaimo, BC
  • Advertising
555 Milton St, Nanaimo, BC, V9R 2L3
$450,000

Property Information:

COMMERCIAL - RESIDENTIAL MIXED USE DEVELOPMENT SITE OFFERED WELL BELOW ASSESSED VALUE - Commercial, Residential, multi-family, live/work, mixed use development property located in a commercial and residential area of the Old City quarter ready for your development ideas. Newly constructed neighbouring townhome development with a commercial component on the ground floor has enhanced the neighbourhood creating a close knit community vibe suitable for young professionals, families, university students and seniors. The site is zoned DT11 providing for personal services, professional offices, multi-family, duplexes, townhomes, residential low scale development up to 3 stories with minimal setback requirements. The location is prime for ease of accessibility to VIU or downtown via walking, bike, driving or public transportation. Environmental issues noted with the soil therefore buyers MUST do their own due diligence regarding environmental concerns and remediation. PROPERTY SOLD AS IS.

Inclusions: Real Estate

Property Features:

  • Annual Tax Amount: $16,738
  • Inclusions: Real Estate
  • Lot Frontage: 29372 Square Feet
  • Lot Size: 0.67 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Unimproved Land
  • Road Frontage Type: Street
  • Road Surface Type: Paved
  • Utilities: Cable Available, Compost, Electricity Available, Garbage, Natural Gas Available, Phone Available
  • Zoning: DT11
  • No. of Parking Spaces: 50

Courtesy of: Macdonald Commercial Real Estate Services Ltd.

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Market Price Trends

Single family detached

3.23%

Price change (1 year)

46.9%

Price change (5 years)

All Properties

2.98%

Price change (1 year)

45.26%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 555 Milton St, Nanaimo, BC, V9R 2L3

Demographic Information of 555 Milton St, Nanaimo, BC, V9R 2L3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$81,880.57

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.73 %

High school certificate or equivalent

29.87 %

Apprenticeship trade certificate/diploma

9.41 %

College/non-university certificate

18.76 %

University certificate (below bachelor)

2.73 %

University Degree

24.5 %

Commuter

Travel To Work

By Car

71.36 %

By Public Transit

8.36 %

By Walking

16.2 %

By Bicycle

1.42 %

By Other Methods

2.66 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.5 %

Houses

43.5 %

Own Vs. Rent

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