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550 Pythian Lane, Nanaimo, BC, V9S 1A9

MLS® # 1021308
Vacant Land For Sale In Townsite, Nanaimo, British Columbia
$532,000
550 Pythian Lane, Nanaimo, BC
550 Pythian Lane, Nanaimo, BC
550 Pythian Lane, Nanaimo, BC
550 Pythian Lane, Nanaimo, BC
550 Pythian Lane, Nanaimo, BC
550 Pythian Lane, Nanaimo, BC
  • Advertising
550 Pythian Lane, Nanaimo, BC, V9S 1A9
$532,000

Property Information:

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).

Property Features:

  • Annual Tax Amount: $3,349
  • Lot Features: Central Location, Cleared, Cul-De-Sac, Level, Recreation Nearby, Shopping Nearby, Southern Exposure
  • Lot Frontage: 9585 Square Feet
  • Lot Size: 9585.00 Square Feet
  • Ownership: Freehold
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Sub Type: Land
  • Road Frontage Type: Lane
  • Road Surface Type: Paved
  • View: City
  • Water Source: Municipal
  • Zoning: R5
  • Zoning Description: Multi-Family
  • Sewer:
  • No. of Parking Spaces: 3

Courtesy of: NAI Commercial (Victoria) Inc.

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.

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Market Price Trends

All Properties

2.66%

Price change (1 year)

31.8%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 550 Pythian Lane, Nanaimo, BC, V9S 1A9

Demographic Information of 550 Pythian Lane, Nanaimo, BC, V9S 1A9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$88,239.27

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.33 %

High school certificate or equivalent

33.38 %

Apprenticeship trade certificate/diploma

10.34 %

College/non-university certificate

17.54 %

University certificate (below bachelor)

0.8 %

University Degree

22.62 %

Commuter

Travel To Work

By Car

83.21 %

By Public Transit

3.51 %

By Walking

7.56 %

By Bicycle

1.76 %

By Other Methods

3.96 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

46.84 %

Houses

53.16 %

Own Vs. Rent

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