585 Hillcrest Ave, Nanaimo, BC, V9R 3M6
$425,000MLS® # 985171
Vacant Land For Sale In Five Acres, Nanaimo, British Columbia
Property Information:
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!
Property Features:
- Annual Tax Amount: $2,375
- Lot Frontage: 4525 Square Feet
- Lot Size: 4525.00 Square Feet
- Ownership: Freehold
- Parking Features: On Site
- Property Sub Type: Unimproved Land
- Zoning: R5
Courtesy of: RE/MAX of Nanaimo
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.