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Home BC Greater Nanaimo Nanaimo City Center-Protection Island
555 Milton St
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555 Milton St $495,000
$495,000
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555 Milton St
Nanaimo, British Columbia V9R2L3

MLS® Number: 1017869

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 is also available for sale at 575 Milton Street. (30026204)

Property Summary

Property Type
Vacant Land
Neighbourhood Name
Old City
Title
Freehold
Land Size
0.67 ac
Annual Property Taxes
$16,738
Total Parking Spaces
50
Time on REALTOR.ca
54 days

Building

Parking
Total Parking Spaces
50

Land

Other Property Information
Zoning Description
DT11
Zoning Type
Unknown
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