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$ 374,900
Est. payment | /mo
4,356 Sqft Lot
$ 374,900
Est. payment | /mo
4,356 Sqft Lot
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1001933
Rental Info Unrestricted
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Unimproved Land
Property Description
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
Location
Province BC
County Nanaimo, City Of
Area Na University District
Exterior
Parking On Site 1
Others
Tax ID 007-181-868
Ownership Freehold
Listed by RE/MAX of Nanaimo
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