About 585 Hillcrest Ave
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
Basic Information
Price | $425,000 |
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MLS® # | 985165 |
Sub-Type | Land |
Baths | 0.00 |
Lot Size | 0.10 Acres |
Location Information
Address | 585 Hillcrest Ave |
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Postal Code | V9R 3M6 |
Area | Nanaimo |
Sub Area | University District |
Jurisdiction | City of Nanaimo |
PID Number | 007-181-850 |
Waterfront? | No |
Features & Amenities
Water | To Lot |
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Sewer | Sewer To Lot |
Additional Information
Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
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Rental Policy | Unrestricted |
Agricultural Land Reserve (ALR)? | No |
Listing Details
Office | RE/MAX of Nanaimo |
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