From the perspective of synthetic metallohydrolases, a phenoxo-bridged dinickel(II) complex [Ni(L)(HO)(CHOH)][ClO]·CHOH (1) (HL = 2,6-bis[{{(5-bromo-2-hydroxybenzyl)(N',N″-(dimethylamino)ethyl)}amino}methyl]-4-methylphenol) has been synthesized and structurally characterized. The presence of a vacant coordination site and a weakly bound water molecule provides the scope for substrate binding to act as a metallohydrolase model. Ethyl acetate vapor diffusion at 298 K to a CHCN/CHOH solution of 1 results in the formation of a pentanuclear acetato-bridged complex [Ni(HL)(μ-OH)(μ-OCCH)][ClO]·CHCOCH (2), demonstrating for the first time the metal-coordinated water-promoted hydrolysis of a carboxyester at room temperature. When the crystals of 1, moistened with a few drops of ethyl acetate, were kept for ethyl acetate vapor diffusion, it transforms into a monoacetato-bridged complex [Ni(HL)(μ-OCCH)(HO)][ClO]·4HO (3). This kind of solvent (vapor)-induced single-crystal-to-single-crystal structural transformation concomitant with the hydrolysis of external substrate (ethyl acetate) is unprecedented. Reaction of HL with 2 equiv of Ni(OCCH)·4HO, followed by the usual workup, and recrystallization from CHCl led to the isolation of [Ni(HL)(μ-OCCH)][ClO]·CHCl·2HO (4). Complex 4 is structurally different from 3, confirming that the reaction of Ni(OCCH)·4HO with HL is a different phenomenon from the hydrolysis of ethyl acetate, promoted by Ni-coordinated water in 1. Complex 1 is also capable of hydrolyzing ethyl propionate to a propionato-bridged complex [Ni(HL)(μ-OCCHCH)(HO)][ClO] (5). For the hydrolytic phenomena mentioned above, the coordinated ligand donor sites (phenolate and tertiary amine) provide a microenvironment around the dinickel(II) center to facilitate efficient stoichiometric hydrolysis of ethyl acetate and ethyl propionate under ambient conditions. Temperature-dependent magnetic studies of dimeric complexes 1, 4, and 5 reveal the presence of moderate antiferromagnetic coupling: J = -25.0(1) cm for 1, J = -20.0(1) cm for 4, and J = -18.80(8) cm for 5. For pentanuclear complex 2, three types of magnetic-exchange interactions, two ferromagnetic (J = +16.02 cm, and J = +9.02 cm) and an antiferromagnetic (J = -49.7 cm), have been identified.