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595 Hillcrest Ave
Na University District Nanaimo V9R 3M6

$399,000
Commercial Sale

Main Photo: 595 Hillcrest Ave in Nanaimo: Na University District Unimproved Land for sale : MLS®# 1001933
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1001933
Attention Builders and Investors: Opportunity in the Heart of Nanaimo’s University District! 595 Hillcrest Ave. This is your chance to purchase an R5 Lot to build up to a 4 Plex. This 4550 sq. ft parcel of vacant land is ready for your ideas and development. This lot boasts excellent laneway access and is located just a short walk from VIU, a prime area for rental demand. And there’s more—there is also 2 more separate lots and PIDS available under a separate MLS listing. This unique offering is a true income generator as you navigate the permitting process. Lot 1: A 6,457 sq. ft. property featuring a rentable home that is currently vacant—perfect for immediate revenue potential. Lot 2: A 4,525 sq. ft. parcel of vacant land, ready for development. Presenting the rare opportunity to create a 3 lot, 12-unit Project. Whether you’re looking to build, develop, or invest, this is a strategic acquisition you don’t want to miss! All measurements are approximate
Property Type:
Commercial Sale
Type:
Unimproved Land
Commercial Type:
Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na University District, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
4,526 sq. ft.
Taxes:
Ceiling Heights:
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:
Units in Building:
Units in Community:
Parking Features:
On Site
Total Units:
Date Listed:
Jun 02, 2025
Original Price:
374900.0
  • Photo 1: 595 Hillcrest Ave in Nanaimo: Na University District Unimproved Land for sale : MLS®# 1001933
    Photo 1 of 1
Listed by RE/MAX of Nanaimo
Data was last updated July 26, 2025 at 06:05 AM (UTC)
Area Statistics
Listings on market:
104
Avg list price:
$1,050,000
Min list price:
$19,900
Max list price:
$24,517,000
Avg days on market:
74
Min days on market:
2
Max days on market:
458
These statistics are generated based on the current listing's property type and located in Nanaimo. Average values are derived using median calculations. This data is not produced by the MLS® system.

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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.