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Main Photo: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
Photo 1: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
Photo 2: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
Photo 3: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
Photo 4: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
Photo 5: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
Photo 6: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
Photo 7: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
Photo 8: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
Photo 9: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
Photo 10: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1017869
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:
0.674 acre(s)
Taxes:
Electricity:
Yes
Ceiling Heights:
Commercial Area:
Fireplace:
No
Pending Date:
Real Estate
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:
Occupancy:
Vacant
Utilities:
Cable Available, Compost, Electricity Available, Garbage, Natural Gas Available, Phone Available
Parking Features:
On Site
Total Parking Spaces:
50
Road Frontage Type:
Street
Road Surface Type:
Paved
Total Units:
Date Listed:
Oct 16, 2025
Original Price:
650000.0
  • Photo 1: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
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  • Photo 2: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
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  • Photo 3: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
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  • Photo 4: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
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  • Photo 5: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
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  • Photo 6: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
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  • Photo 7: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
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  • Photo 8: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
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  • Photo 9: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
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  • Photo 10: 555 Milton St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 1017869
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Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated October 20, 2025 at 06:05 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.