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Home BC Greater Nanaimo Nanaimo City Center-Protection Island
575 Milton St
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575 Milton St $495,000
$495,000
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575 Milton St
Nanaimo, British Columbia V9R2L2

MLS® Number: 1017872

Listing 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. The seller will remedy any environmental issues for a buyer. The neighbouring property at 555 Milton is also offered for sale. (30026206)

Property Summary

Property Type
Vacant Land
Neighbourhood Name
Old City
Title
Freehold
Land Size
0.64 ac
Annual Property Taxes
$12,303
Total Parking Spaces
40
Time on REALTOR.ca
54 days

Building

Building Features
Features
Central location, Curb & gutter, Level lot, Corner Site, Partially cleared, Other, Marine Oriented
Parking
Total Parking Spaces
40

Land

Other Property Information
Access
Road access
Zoning Description
DT11
Zoning Type
Unknown
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