585 Hillcrest Ave

About this home

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:65179)

Property details

From the listing's public record.

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

1. Jan 22, 2025

   Listed $399,000

   Active523 days on marketMLS 985171

2. Jan 22, 2025

   Listed $399,000

   Active523 days on marketMLS 985165

Current market in Duncan

Buyer's market — 24.6 months of supply at the current sales pace.

Assessment

From publicly available property records.

• Lot 1 Banks Rd

  $240,000

  — · — · — · 192 days on market

  Sold Jun 17, 2026 · 77.4% of list

• Lt36 Teal Crt

  $137,500

  — · — · — · 133 days on market

  Sold Jun 17, 2026 · 91.7% of list

• Lt 9 Hayhurst Cres

  $288,000

  — · — · — · 13 days on market

  Sold Jun 16, 2026 · 96.3% of list

• Lot 3 Cowichan Lake Rd

  $278,250

  — · — · — · 386 days on market

  Sold May 22, 2026 · 92.8% of list

• Lot 8 Barnjum Rd

  $340,000

  — · — · — · 46 days on market

  Sold May 14, 2026 · 97.4% of list

• 5920 Cowichan Lake Rd

  $540,000

  — · — · — · 31 days on market

  Sold Apr 30, 2026 · 98.2% of list

• Lot 2 Marine Cres

  $535,000

  — · — · — · 28 days on market

  Sold Apr 24, 2026 · 89.3% of list

• 295 North Shore Rd

  $345,000

  — · — · — · 10 days on market

  Sold Apr 14, 2026 · 86.5% of list

• Lot 4 South Shore Rd

  $2,500,000

  — · — · — · 174 days on market

  Sold Mar 24, 2026 · 86.2% of list

• 8843 Stoney Hill Rd

  $300,000

  — · — · — · 69 days on market

  Sold Mar 12, 2026 · 85.8% of list

• 8849 Stoney Hill Rd

  $300,000

  — · — · — · 64 days on market

  Sold Mar 12, 2026 · 85.8% of list

• 403 Thetis Dr

  $295,000

  — · — · — · 17 days on market

  Sold Feb 27, 2026 · 92.8% of list

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