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.
Address
575 Milton St
List Price
$699,000
Property Type
Commercial Sale
Type of Dwelling
Mixed Use
Area
Nanaimo
Sub-Area
Na Old City
Lot Size
27878 Sq. Ft.
Lot Size (Acres)
0.64 Ac.
MLS® Number
981586
Listing Brokerage
Sutton Group-West Coast Realty (Nan)
Postal Code
V9R 2K9
Tax Amount
$8,783.00
Tax Year
2024
Amenities
Cleared, Corner Lot, Level