550 Pythian Lane

550 Pythian Lane · Nanaimo · Vacant Land · $532,000 · MLS 1021308

Nanaimo, British Columbia
C$532,000
For sale
550 Pythian Lane

550 Pythian Lane is located in Nanaimo. Property snapshot: Vacant Land, listed at $532,000, MLS 1021308. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 71. Latest recorded list price 532000.00.

List Price: $532,000
MLS: 1021308
Days on Site: 71
Price History: Latest recorded list price 532000.00

Local Decision Guide

How should buyers evaluate 550 Pythian Lane?

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.

Listing FAQ

What is the current list price for 550 Pythian Lane?

This page shows a list price of $532,000 with MLS 1021308.

What type of home is this Nanaimo listing?

The page shows Vacant Land at 550 Pythian Lane. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 71 days on market/site. Latest recorded list price 532000.00.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

Sold at land value only. Large 9,585 square foot lot with southern exposure, overlooking the City Centre. The land is ready for redevelopment for an impressive single-family home or can be developed for multifamily use under the existing zoning. The immediate area is being renewed with larger, modern residential development. Lot area is 67.5 sq ft by 142 sq ft. The adjacent lot at 530 Pythian Lane is also available for purchase. The two lots are matching in area, rectangular shape, and access, with each providing 9,585 square feet of development land (total of 19,170 square feet). (id:56153)

Property Details

Vacant Land
Building Type
-
Bedrooms
-
Bathrooms
9,585 sf
Lot Area

Transaction: For sale

Status: active

Listing ID: 29145468 (1021308)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$532,000

Lot Area: 9,585 sf

PID: 004-366-549

Days on Site: 71 days

Added to BurnabyHouse: 2026-03-28

Updated on: 2026-03-28 02:23 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
Bulk Barn
About 1.1 km away
1150 Terminal Avenue North
The Green Store: Discount Organic
About 1.2 km away
256 Wallace Street, Nanaimo
Shopping Centres
Princess Royal Plaza
About 861.4 m away
1100 Princess Royal Avenue
City Centre Plaza
About 1.1 km away
140 Terminal Avenue
Parks / Green Space
SAYSUTSHUN (NEWCASTLE ISLAND MARINE) PARK
About 1 km away
Class A · 0133 · 00
PETROGLYPH PARK
About 4 km away
Class A · 0043 · 00

Price History

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View price changes, listing events, and the full timeline.

BC Assessment

Click the button below to check the government assessment, sales history, and nearby market pricing for this property.
BC Assessment Sales History & Nearby Sales

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Last Updated: Mon, 01 Dec 2025 11:08:08 AM PST

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