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555 Milton St in Nanaimo: Na Old City Multi Family for sale : MLS®# 981582

555 Milton St Nanaimo V9R 2K9 : Na Old City

Main Photo: 555 Milton St in Nanaimo: Na Old City Multi Family for sale : MLS®# 981582
$725,000
Prop. Type:
Commercial Sale
MLS® Num:
981582
Status:
Active
Seize this rare opportunity to acquire over half an acre of prime multifamily-zoned property in the thriving city of Nanaimo. As Vancouver Island continues to attract significant migration, demand for quality housing has never been higher. This property is perfectly positioned to capitalize on the influx of residents seeking the island’s unmatched lifestyle. Fully serviced and boasting zoning conducive to multifamily development, this lot offers a seamless path to building. With utilities already in place and straightforward city processes, it’s ready to bring your vision to life—whether townhomes, apartments, or a mixed-use project (subject to city approval). Located in a strategic neighborhood close to amenities, schools, and transit, this site ensures future residents will enjoy both convenience and community. With the ease of building and high demand in Nanaimo’s hot rental market, this property is a smart investment for developers and investors alike. Also under MLS981578
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Land
Lease Type:
Sale Price
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
Switch units of measure0.674 acre(s)
Building Features:
Shopping Nearby, Transit Nearby
Water supply:
Municipal
Sewer:
Sewer To Lot
Fireplace:
No
Other
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Zoning:
DT11
Lot Site Features:
Cleared, Level
Parking Features:
On Site
Total Parking Spaces:
0
Date Listed:
Dec 02, 2024
Original Price:
725000.0
Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated January 11, 2025 at 08:05 AM (UTC)
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.