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
Lot/land
C$399,000
585 Hillcrest Ave, Nanaimo, BC V9R 3M6
0beds
0baths
4,356Square Feet
Unimproved Land
Built in ----
4,356 Square Feet Lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Excellent laneway access
- 195 days
- on Zillow |
- 1 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 09:20pm
Listed by:
Kelly Whitton Personal Real Estate Corporation,
REMAX Professionals
Source: VIVA,MLS®#: 985165
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Features
- Has basement: No
- Has fireplace: No
Property
Parking
- Total spaces: 2
Features
- Entry location: Main Level
Lot
- Size: 4,356 Square Feet
Details
- Parcel number: 007181850
- Zoning: R5
- Zoning description: Residential
Utilities & green energy
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Location
- Region: Nanaimo
Financial & listing details
- Tax assessed value: C$377,000
- Annual tax amount: C$2,375
- Date on market: 1/22/2025
- Ownership: Freehold
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