585 Hillcrest Ave

585 Hillcrest Ave · Nanaimo · Vacant Land · $399,000 · MLS 985165

Nanaimo, British Columbia
C$399,000
For sale
585 Hillcrest Ave

585 Hillcrest Ave is located in Nanaimo. Property snapshot: Vacant Land, listed at $399,000, MLS 985165. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 116. Latest recorded list price 399000.00.

List Price: $399,000
MLS: 985165
Days on Site: 116
Price History: Latest recorded list price 399000.00

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.

Listing FAQ

What is the current list price for 585 Hillcrest Ave?

This page shows a list price of $399,000 with MLS 985165.

What type of home is this Nanaimo listing?

The page shows Vacant Land at 585 Hillcrest Ave. 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 116 days on market/site. Latest recorded list price 399000.00.

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

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! All measurements are approximate (id:56153)

Property Details

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

Transaction: For sale

Status: active

Listing ID: 27828694 (985165)

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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$399,000

Lot Area: 4,525 sf

PID: 007-181-850

Days on Site: 116 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
About 682.2 m away
About 1.2 km away
867 Bruce Avenue
Shopping Centres
About 703.5 m away
530 Fifth Street, Nanaimo
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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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: Tue, 02 Jun 2026 02:03:59 PM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: Real Broker

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