One Percent Realty Ltd.
DOWNTOWN NANAIMO
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1041190
- Year Built:
- 2021
- Photos (12)
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urnkey multi-family cash-flow investment in Nanaimo's Old City Neighbourhood! Built in 2021, this purpose-built asset features 8 efficient studio units engineered for modern, low-maintenance operations. Per the official suite mix, the layout consists of four 436 SF studios and four 329 SF studios. All 8 suites boast premium in-suite laundry, built-in dishwashers, high-speed internet setups, and a rare 1:1 on-site parking ratio (8 dedicated stalls). Generates $138,180 gross annual rental income with a stable, projected NOI of $103,730 (5.08% Cap Rate). BONUS: Active 10-year Downtown Revitalization Tax Exemption has 5 years fully remaining, drastically minimizing net municipal operating expenses. Highly walkable location steps from downtown amenities, transit, shopping, and waterfront ferry terminals. Contact listing agents for full OM. NDA required for data room release.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Year built:
- 2021 (Age: 5)
- Lease Type:
- Sale Price
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- Na Old City, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 9,400 sq. ft.
- Taxes:
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- Number of Storeys:
- 3
- Ceiling Heights:
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- Total Building Area:
- 3,060 sq. ft.
- Commercial Area:
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- Fireplace:
- No
- Pending Date:
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- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Parking Features:
- On Site
- Total Parking Spaces:
- 8
- Road Frontage Type:
- Lane
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Jun 18, 2026
- Original Price:
- 2040000.0
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Listed by NAI Commercial (Victoria) Inc.
Data was last updated June 23, 2026 at 12:05 PM (UTC)
Area Statistics
- Listings on market:
- 28
- Avg list price:
- $824,000
- Min list price:
- $99,000
- Max list price:
- $6,000,000
- Avg days on market:
- 129
- Min days on market:
- 5
- Max days on market:
- 757
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.
- KARELYN CAMPBELL
- 921 CANADA AVE, DUNCAN, BC V9L 1V2
- 1 (250) 618-8213
- Contact by Email
Location
202 - 505 Hamilton St.
Vancouver, BC, V6B 2R1