575 Milton St Nanaimo, British Columbia V9R 2K9
$699,000
Seize this rare opportunity to acquire over half an acre of prime multifamily-zoned property in the thriving city of Nanaimo. As Vancouver Island continues to attract significant migration, demand for quality housing has never been higher. This property is perfectly positioned to capitalize on the influx of residents seeking the island’s unmatched lifestyle. Fully serviced and boasting zoning conducive to multifamily development, this lot offers a seamless path to building. With utilities already in place and straightforward city processes, it’s ready to bring your vision to life—whether townhomes, apartments, or a mixed-use project (subject to city approval). Located in a strategic neighborhood close to amenities, schools, and transit, this site ensures future residents will enjoy both convenience and community. With the ease of building and high demand in Nanaimo’s hot rental market, this property is a smart investment for developers and investors alike. Act now—opportunities like this don’t last! Adjacent 555 Milton also for sale. (id:55599)
Property Details
| MLS® Number | 981586 |
| Property Type | Other |
| Neigbourhood | Old City |
| Features | Level Lot, Corner Site, Partially Cleared |
Building
| Type | Commercial Mix |
Land
| Acreage | No |
| Size Irregular | 0.64 |
| Size Total | 0.64 Ac |
| Size Total Text | 0.64 Ac |
| Zoning Description | Dt11 |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/27701395/575-milton-st-nanaimo-old-city
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
December 09 2024 11:01:52
Vancouver Island Real Estate Board
Sutton Group-West Coast Realty (Nan)