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575 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 981586

575 Milton St Nanaimo V9R 2K9 : Na Old City

Main Photo: 575 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 981586
$699,000
Prop. Type:
Commercial Sale
MLS® Num:
981586
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. Adjacent 555 Milton ava
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
Switch units of measure0.64 acre(s)
Taxes:
Building Features:
Shopping Nearby, Transit Nearby
Ceiling Heights:
Switch units of measure
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
DT11
Units in Building:
Units in Community:
Occupancy:
Vacant
Lot Site Features:
Cleared, Corner Lot, Level
Parking Features:
On Site
Total Parking Spaces:
0
Total Units:
Date Listed:
Dec 02, 2024
Original Price:
699000.0
Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated December 23, 2024 at 06:05 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.