DOWNTOWN NANAIMO

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37 Commercial St
Na Old City Nanaimo V9R 5N9

$2,150,000 /sqft
Commercial Sale built: 1925

Main Photo: 37 Commercial St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1031788
Photo 1: 37 Commercial St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1031788
Photo 2: 37 Commercial St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1031788
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1031788
Year Built:
1925
This is a building with over 10,045 sqft of retail/office, with over 7,100 sqft on the main floor and almost 3,000 sqft on the upper floor. This investment is located in the centre of downtown Nanaimo. Located across from the Conference centre and proximity to the Port Theater and the Casino. Heritage style brick exterior with two floors of mixed use lease space. Newly executed lease with Gabriels Cafe, Cayo Fashion, FLVX Fight Sports, and 3 office spaces on the upper floor. Building has undergone many renovations and upgrades! This is an excellent opportunity with a great upside!
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Year built:
1925 (Age: 101)
Lease Type:
Sale of Assets
Additional Rent Per SqFt:
7.85
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
9,369 sq. ft.
Taxes:
Building Features:
Shopping Nearby
Number of Storeys:
2
Ceiling Heights:
Total Building Area:
10,100 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Fireplace:
No
Pending Date:
Sign: Allowed, Storefront
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
DT1
Units in Building:
Units in Community:
Occupancy:
Tenant
Parking Features:
On Site
Total Parking Spaces:
6
Road Frontage Type:
Street
Total Units:
Date Listed:
Apr 10, 2026
Original Price:
2150000.0
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Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated April 12, 2026 at 12:05 AM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$750,000
Min list price:
$23
Max list price:
$2,850,000
Avg days on market:
143
Min days on market:
2
Max days on market:
684
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations. This data is not produced by the MLS® system.
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.