BC > Nanaimo
Nanaimo, BC V9R 2L2,575 Milton St
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Nanaimo, BC V9R 2L2,575 Milton St
Nanaimo, BC V9R 2L2,575 Milton St
Nanaimo, BC V9R 2L2,575 Milton St
Nanaimo, BC V9R 2L2,575 Milton St
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Jason Simard

Jason Simard

+1(250) 591-1160
$ 495,000
Est. payment /mo
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575 Milton St Nanaimo, BC V9R 2L2

0.64 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1017872

Rental Info Unrestricted

Annual Tax Amount $12,303

Tax Year 2025

Lot Size 0.640 Acres

Acres 0.64

Property Sub-Type Unimproved Land

Property Description

COMMERCIAL - RESIDENTIAL MIXED USE DEVELOPMENT SITE OFFERED WELL BELOW ASSESSED VALUE - Commercial, Residential, multi-family, live/work, mixed use development property located in a commercial and residential area of the Old City quarter ready for your development ideas. 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. There are environmental issues noted with the soil therefore the property is being sold AS IS. Buyers to do their own due diligence regarding environmental.

Location

Province BC

County Nanaimo, City Of

Area Na Old City

Zoning DT11

Exterior

Parking On Site 1

Total Parking Spaces 40

Building

Lot Description Adult-Oriented Neighbourhood, Central Location, Cleared, Corner, Curb & Gutter, Easy Access, Family-Oriented Neighbourhood, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby

Sewer Sewer Available, Sewer To Lot

Water Municipal, To Lot

Others

Pets Allowed Yes

Tax ID 029-344-794

Ownership Freehold

Acceptable Financing Must Be Paid Off

Listing Terms Must Be Paid Off

Listed by Macdonald Commercial Real Estate Services Ltd.
Jason Simard

Jason Simard

Agent

+1(250) 591-1160

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575 Milton St