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$450,000
555 Milton St
Nanaimo, BC V9R 2L3
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.

Property Details

MLS #: 1017869
ID #: 30113976
Type: Commercial Sale
Sub-Type: Unimproved Land
Area: Nanaimo
Sub-Area: Na Old City
Status: Active
Lot Size: 0.67 acres
Property Tax: $16,738 (2025)
Days on Market: 136 days
Listing provided by Macdonald Commercial Real Estate Services Ltd.

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Contact Information

Kiel Lukaniuk
Personal Real Estate Corporation
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Kiel Lukaniuk
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REMAX Professionals

Location

555 Milton St , Nanaimo, BC V9R 2L3

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