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575 Milton St 0.64 Acres of Commercial Land Offered at $323,927 USD in Nanaimo, BC V9R 2L2
Investment Highlights
- 0.64-acre corner lot located in Nanaimo’s Old City Quarter with DT11 zoning.
- Walkable location near Vancouver Island University and downtown Nanaimo.
- Flexible development options for mixed-use, multi-family, townhomes, and live-work concepts.
- Recently revitalized neighborhood with new projects enhancing local vibrancy.
Executive Summary
Property Facts
| Price | $323,927 USD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.64 AC |
| Property Type | Land | ||
| Zoning | DT11 - Providing for personal services, professional offices, multi-family, duplexes, townhomes, residential low scale development up to 3 stories with minimal setback requirements | ||
| Price | $323,927 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.64 AC |
| Zoning | DT11 - Providing for personal services, professional offices, multi-family, duplexes, townhomes, residential low scale development up to 3 stories with minimal setback requirements |
1 Lot Available
Lot
| Price | $323,927 USD | Lot Size | 0.64 AC |
| Price Per AC | $506,136.64 USD |
| Price | $323,927 USD |
| Price Per AC | $506,136.64 USD |
| Lot Size | 0.64 AC |
.64 acre site zoned DT11 providing for personal services, professional offices, multi-family, duplexes, townhomes, residential low scale development up to 3 stories with minimal setback requirements.
Description
Newly constructed neighbouring townhome development with a commercial component on the ground floor has enhanced the neighbourhood creating a close knit community vibe suitable for young professionals, families, university students and seniors. The site is zoned DT11 providing for personal services, professional offices, multi-family, duplexes, townhomes, residential low scale development up to 3 stories with minimal setback requirements. The location is prime for ease of accessibility to VIU or downtown via walking, bike, driving or public transportation. The neighbouring property at 555 Milton is also offered for sale. There are environmental issues noted with the soil on 555 Milton therefore the property is being sold AS IS, WHERE IS. Buyers MUST do their own due diligence regarding remediation requirements
Presented by
Macdonald Realty Victoria
575 Milton St
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