585 Hillcrest Ave, Nanaimo, BC

$425,000

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0.10

Acres

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
MLS® # 985165
Sub-Type Land
Baths 0.00
Lot Size 0.10 Acres

Location Information

Address 585 Hillcrest Ave
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
Sewer Sewer To Lot

Additional Information

Pet Policy Aquariums, Birds, Caged Mammals, Cats, Dogs
Rental Policy Unrestricted
Agricultural Land Reserve (ALR)? No

Listing Details

OfficeRE/MAX of Nanaimo

Listing Map