585 Hillcrest Ave

Nanaimo, British Columbia
C$399,000

Local Decision Guide

How should buyers evaluate 585 Hillcrest Ave?

Start by reading this listing in its Nanaimo context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

For sale
585 Hillcrest Ave

Remarks

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:56153)

Property Details

Vacant Land
Building Type
-
Bedrooms
-
Bathrooms
4,525 sf
Lot Area

Transaction: For sale

Status: active

Listing ID: 27828693 (985171)

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Site Context

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Property Summary

Price: C$399,000

Lot Area: 4,525 sf

PID: 007-181-850

Days on Site: 69 days

Added to BurnabyHouse: 2026-03-28

Updated on: 2026-06-02 03:03 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

No school catchment matches were found for this listing yet.

Nearby Points of Interest

Grocery / Food Access
Buy Low Foods
About 682.6 m away
Quality Foods
About 1.2 km away
867 Bruce Avenue
Shopping Centres
University Village
About 703.8 m away
530 Fifth Street, Nanaimo
Old City Quarter
About 1.8 km away
Parks / Green Space
PETROGLYPH PARK
About 2.8 km away
Class A · 0043 · 00
SAYSUTSHUN (NEWCASTLE ISLAND MARINE) PARK
About 3 km away
Class A · 0133 · 00

Price History

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BC Assessment

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BC Assessment Sales History & Nearby Sales

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Last Updated: Tue, 02 Jun 2026 02:03:58 PM PDT

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