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Main Photo: 575 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017872
Photo 1: 575 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017872
Photo 2: 575 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017872
Photo 3: 575 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017872
Photo 4: 575 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017872
Photo 5: 575 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017872
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1017872
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, 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.
Property Type:
Commercial Sale
Type:
Unimproved Land
Commercial Type:
Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.641 acre(s)
Taxes:
Ceiling Heights:
Commercial Area:
Water supply:
Municipal, To Lot
Sewer:
Sewer Available, Sewer To Lot
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
DT11
Legal Non-Conformance:
No
Units in Building:
Units in Community:
Lot Site Features:
Adult-Oriented Neighbourhood, Central Location, Cleared, Corner Lot, Curb & Gutter, Easy Access, Family-Oriented Neighbourhood, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby
Parking Features:
On Site
Total Parking Spaces:
40
Road Surface Type:
Paved
Total Units:
Date Listed:
Oct 16, 2025
Original Price:
650000.0
  • Photo 1: 575 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017872
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  • Photo 2: 575 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017872
    Photo 2 of 5
  • Photo 3: 575 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017872
    Photo 3 of 5
  • Photo 4: 575 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017872
    Photo 4 of 5
  • Photo 5: 575 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017872
    Photo 5 of 5
Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated October 20, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$680,000
Min list price:
$23
Max list price:
$2,850,000
Avg days on market:
137
Min days on market:
4
Max days on market:
544
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations. This data is not produced by the MLS® system.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.