<Victoria Real Estate Market> Land located in Nanaimo: 4525 sf: $399.00k

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Property Details

MLS #:

1002260

Listing Date:

2025-06-02 (Days on Market: 281）

Zoning:

Residential (R5)

Listing Price:

$399.00k

Frontage x Depth:

Unknown

Lot Size:

4525 ft²

Address:

595 Hillcrest Ave, Nanaimo，University District Check Map

Assessment:

$373.00k(2025)

Property Tax:

Remarks:

Attention Builders and Investors: Opportunity in the Heart of Nanaimo’s University District! 595 Hillcrest Ave. 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

Services:

Sewer

Listing Courtesy of RE/MAX of Nanaimo

Need more info? Such as its detailed floor plans, title, disclosure statement, zoing restrictions, survey, etc.Please contact Bill Liu directly and he will send you all available info.

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2018 MLS Silver Award Winner in Victoria