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575 Milton St, Nanaimo, BC, V9R 2L2

MLS® # 1017872
Vacant Land For Sale In Nanaimo, British Columbia
$495,000

None Beds

575 Milton St, Nanaimo, BC
575 Milton St, Nanaimo, BC
575 Milton St, Nanaimo, BC
575 Milton St, Nanaimo, BC
575 Milton St, Nanaimo, BC
575 Milton St, Nanaimo, BC
575 Milton St, Nanaimo, BC
575 Milton St, Nanaimo, BC
575 Milton St, Nanaimo, BC
575 Milton St, Nanaimo, BC
  • Advertising
575 Milton St, Nanaimo, BC, V9R 2L2
$495,000

Property Information:

COMMERCIAL - RESIDENTIAL MIXED USE DEVELOPMENT SITE OFFERED WELL BELOW ASSESSED VALUE - 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 commercial component on the ground floor 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. There are environmental issues noted with the soil therefore the property is being sold AS IS. Buyers to do their own due diligence regarding environmental.

Property Features:

  • Annual Tax Amount: $12,303
  • Lot Features: Adult-Oriented Neighbourhood, Central Location, Cleared, Corner Lot, Curb & Gutter, Easy Access, Family-Oriented Neighbourhood, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby
  • Lot Frontage: 27934 Square Feet
  • Lot Size: 0.64 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Unimproved Land
  • Road Surface Type: Paved
  • Water Source: Municipal, To Lot
  • Zoning: DT11
  • Sewer: Sewer Available, Sewer To Lot
  • No. of Parking Spaces: 40

Courtesy of: Macdonald Commercial Real Estate Services Ltd.

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

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Location of 575 Milton St, Nanaimo, BC, V9R 2L2

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

Projected Precipitation Risk: High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

29/100

Moderate-Low

ClimateCheck®

Current data

This property, 575 Milton St , experiences 7 hot days per year at around 29 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 20 hot days at 31.9 degrees Celsius.

Projected Avg. Temperature

Past
29℃
2050
31.9℃

# Hot Days Per Year

Past
7
2050
20

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

14 storms expected in 2050

93/100

High

ClimateCheck®

Current data

This property, 575 Milton St , experiences 12 significant 2-day storms per year, with about 569.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 660mm of precipitation per year.

Precipitation Per Storm

Past
569.5mm
2050
660mm

48-Hour Storms Per Year

Past
12
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 575 Milton St, Nanaimo, BC, V9R 2L2

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$81,880.57

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.73 %

High school certificate or equivalent

29.87 %

Apprenticeship trade certificate/diploma

9.41 %

College/non-university certificate

18.76 %

University certificate (below bachelor)

2.73 %

University Degree

24.5 %

Commuter

Travel To Work

By Car

71.36 %

By Public Transit

8.36 %

By Walking

16.2 %

By Bicycle

1.42 %

By Other Methods

2.66 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.5 %

Houses

43.5 %

Own Vs. Rent

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