585 Hillcrest Ave - Main photo, Nanaimo, British Columbia

585 Hillcrest Ave - Photo 1 of 1, Nanaimo, British Columbia

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$399,000

585 Hillcrest Ave — Nanaimo, British Columbia

V9R3M6

4,525Lot Sq Ft

About This Property

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! (id:63357)

Property Location

Property Details

Property Type: Detached
Status: Active

Location & Neighborhood

What's nearby 585 Hillcrest Ave

Local Amenities

Other

VIU Gym0.5 km

Dining

Baby Salsa0.6 km
Rhythm Chinese Restaurant0.7 km

Coffee & Cafes

Starbucks0.7 km

Grocery

Buy Low Foods0.7 km

Pharmacy

Shoppers Drug Mart0.8 km

POI data updated 1/31/2026

Nanaimo Market Snapshot

736

Active Listings

$735K

Median Price

Avg Days on Market

Last updated: Jan 26, 2026

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Listed by

REMAX Professionals (NA)

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