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 small commercial component 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, institution, 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. Substantial vendor financing is available at attractive terms and rates for a qualified buyer.
Address
555 Milton St
List Price
$650,000
Property Type
Commercial Sale
Type of Dwelling
Unimproved Land
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Old City
Lot Size
29372 Sq. Ft.
Lot Size (Acres)
0.67 Ac.
MLS® Number
1017869
Listing Brokerage
Macdonald Commercial Real Estate Services Ltd.
Postal Code
V9R 2L3
Tax Amount
$16,738.00
Tax Year
2025