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Jason Simard
SIMS Real Estate Group - Brokered by EXP Realty
jason@simsrealestate.ca +1(250) 591-1160$ 495,000
Est. payment /mo
Active
555 Milton St Nanaimo, BC V9R 2L3
0.67 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1017869
Rental Info Unrestricted
Annual Tax Amount $16,738
Tax Year 2025
Lot Size 0.670 Acres
Acres 0.67
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. Environmental issues noted with the soil therefore buyers MUST do their own due diligence regarding environmental concerns and remediation. PROPERTY SOLD AS IS.
Location
Province BC
County Nanaimo, City Of
Area Na Old City
Zoning DT11
Interior
Inclusions Real Estate
Exterior
Parking On Site 1
Utilities Available Cable Available, Compost, Electricity Available, Garbage, Natural Gas Available, Phone Available
Total Parking Spaces 50
Others
Pets Allowed Yes
Restrictions ALR: No
Ownership Freehold
Acceptable Financing Must Be Paid Off
Listing Terms Must Be Paid Off
Listed by Macdonald Commercial Real Estate Services Ltd.