For Sale: 585 Hillcrest Avenue, Nanaimo, BC - REW
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$399,000
0 bd ba sf Land/Lot

585 Hillcrest AvenueNanaimo, BC, V9R 3M6

University District
  • 0 Bed
  • Bath
  • Sqft
  • Land/Lot

About this home

Attention Builders and Investors: Opportunity in the Heart of Nanaimo’s University District! 585 Hillcrest St. 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!
Listed by: Kelly Whitton PREC*, Real Broker

Home facts and features

Price details
List Price
Gross Taxes for 2024
$2,375
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Land/Lot
Lot Size
4525 ft²
Title
Freehold
Community
Agent details
Primary Agent
Primary Broker
Real Broker
Listing details
Days on REW
502 Days
Property Views
224
MLS® Number
985171
Source
Victoria and Vancouver Island MLS
Board
Vancouver Island Real Estate Board
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Marco & Marvin Kaaka

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Property Insights

Georgia Avenue School
  • Public
  • Pre-K - 7
  • In Catchment
The High School at VIU
  • Independent
  • 10 - 12
John Barsby Community School
  • Public
  • 8 - 12
Pauline Haarer Elementary School
  • Public
  • K - 7
Quarterway School
  • Public
  • Pre-K - 7
Discover Montessori School
  • Independent
  • K
Nanaimo Christian School
  • Independent
  • K - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
Sales History data is from public records.
Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-07.