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1-12/24
571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 962439
Vendor Financing Available; Seize the opportunity to invest in a lucrative venture with this meticulously maintained 10-unit building, constructed in 2019 and boasting a robust rental income exceeding $10,000+utilities. Situated in a prime location, this property enjoys proximity to an array of amenities, including transit hubs, ferries, float planes, shopping centers, malls, schools, parks, & churches. 100%occupancy & waitlist for tenancy, underscores the desirability of this investment. Beyond its strategic location, the building is distinguished by its impeccable management, cleanliness, and a roster of exemplary tenants. With the seller retiring, an enticing option for vendor financing further enhances the appeal of this offering. Whether you're a seasoned investor or aspiring landlord, this opportunity promises to bolster your rental portfolio and generate passive income. Secure your foothold in the thriving rental market by capitalizing on this exceptional investment opportunity.More details
Investment Property Opportunity! Purchase this fully leased building showing a great annual return of $102,000.00 with a Cap rate over 5% at the asking price. With a 5-year lease & options to renew lasting until 2043.
The building is situated in Nanaimo’s Vibrant Old City Quarter area and is occupied by one of the city’s most popular award-winning restaurants “Asteras Greek Taverna.” The building was raised and renovated in 1996 with further renovations in 2008 to its current operation. There is a 2-bedroom, 2-bathroom apartment on the top floor which is rented month to month. The building is set back on the lot allowing parking in the front and on the street. The 2-level building is +/- 3405 square feet in size plus a basement storage area. The owner states the roof is newer and is a hands-off operation. “Please do not disturb the tenant and business operation!” Call for further details and information. All measurements and data is approximate and to be verified if important.More details
A true gem of a property in the Old City Quarter waiting for a savvy business owner to live and work in one amazing location! The property includes a completely renovated heritage home with 425 sq/ft of commercial space and 775 sq/ft of residential living space. The property zoning allows for another commercial structure and/or food truck. The property is fenced with a commercial grade patio in front for restaurant patrons and/or food/product sales. The basement is unfinished and allows for product/business storage with easy outdoor access. The location allows for street parking for patrons and 2-car parking onsite. The property is nestled between well-known restaurants on Wesley Street. The Nanaimo shopping and waterfront surround this location - don't miss this opportunity to live and work in Nanaimo!More details
Over 10,000 SF of under utilized building included with iconic family-run restaurant located in Nanaimo in business over 35 years with loyal customer base! 120 Seats plus extended patio. Liquor license and full commercial kitchen and equipment to handle high volume catering. Winner of numerous awards and featured on TV food shows, and various vloggers. The original owners are ready to retire. This is a fantastic opportunity to run an established business and build equity on a great holding property with two titles. Turn-key operation with plenty of upside potential. Lots of redevelopment in the area. Please do not approach staff. Vendor financing possibleMore details
Step into a piece of history with this era kept, tastefully updated 1927 house boasting historic charm and modern comforts. Nestled in a prime location, this 3-bedroom, 2-bathroom abode offers breathtaking views of mountains, cityscapes, and the ocean, creating an picturesque backdrop for daily living. Admire original architectural details seamlessly blended with contemporary finishes, creating a timeless aesthetic. The ready-to-go in-law suite provides versatile living options, while the new 2-bedroom, 2 full bathroom carriage house adds another layer of practicality and convenience. Located near amenities recreation and all levels of schools, these homes are a rare find. Experience the best of heritage living with modern convenience - schedule your tour today!More details
EXCELLENT DOWNTOWN LOCATION, THIS CONVERTED CHARACTER HOME IS LOCATED IN THE HEART OF DOWNTOWN NEXT TO GOVERNMENT AND COOPERATE OFFICE BUILDINGS AND ADJACENT TO NEW MULTI-FAMILY DEVELOPMENT IN THE AREA. FORMALLY USED AS A LAWYERS OFFICE AND ADMINISTRATION, THIS BUILDING IS IDEALY SUITED AND SETUP FOR OFFICE AND MEDICAL SERVICE OR GOVERNMENT USE IN A GROWING AND DEMANDED AREA OF THE CITY. THE BUILDING FEATURES A MAIN LEVEL ENTRANCE WITH SEPARATE ACCESS OFF WALLACE STREET AND THE REAR ST, RICHARDS STREET WITH 7 ON-SITE PARKING STALLS. THE 2ND FLOOR OFFICE SPACE IS ACCESSIBLE FROM THE SEPARATE REAR STAIRCASE ENTRANCE OFF RICHARDS ST THERE ARE 2 SEPARATE METERS AT THE BUILDING ALLOWING FOR 2 SEPARATE OFFICES OR COMBINED SPACES, AND 2 SEPARATE HEATING SYSTEMS. THE FULL BASEMENT HAS BOTH MAIN FLOOR ACCESS AND SEPARATE OUTSIDE ACCESS, IDEAL FOR STORAGE.More details
Excellent Investment opportunity to own a fully leased property located just blocks from Nanaimo Downtown center. The land area is 7,636 sq ft, zoned Downtown (DT2) and is situated on a corner lot with brand new sidewalks surrounding the buildings. Building 1 (486 Franklyn St) consists of 4 units (A,B,C & D) for a total of 3,865 sq ft and Building 2 (390 Selby St) is 1,100 Sq. Ft. There are a total of 3 tenancies with 1 Tenant occupying Units A & B & 390 Selby Street for a total of 3,415 Sq. Ft. Unit C is 650 sq. Ft. and Unit D is 900 Sq. Ft. There is onsite and street parking available. Leases are triple net leases. These smaller complexes rarely come available. Call or email for a full detailed package.More details
Developer Alert! Opportunity knocks in Old City. The door is whatever you build beyond it! Don’t miss this RARE legal double lot property located in the heart of beautiful and historical Old City Quarters in Nanaimo, BC. The single-family home is situated on the larger lot and does not straddle both properties. This enables you to start building (without the removal of the home) immediately with approvals from the city. Currently zoned R13 Duplex/multi-family, it allows for many options! The city is currently encouraging higher density in the Official Community Plan (OCP), and therefore, a higher density rezone or a property line variance should be encouraged. Contact us for a full information package! Don’t miss out on this rare property waiting for your future development. All measurements are approximate.More details
Developer Alert! Opportunity knocks in Old City. The door is whatever you build beyond it! Don’t miss this RARE legal double lot property located in the heart of beautiful and historical Old City Quarters in Nanaimo, BC. The single-family home is situated on the larger lot and does not straddle both properties. This enables you to start building (without the removal of the home) immediately with approvals from the city. Currently zoned R13 Duplex/multi-family, it allows for many options! The city is currently encouraging higher density in the Official Community Plan (OCP), and therefore, a higher density rezone or a property line variance should be encouraged. Contact us for a full information package! Don’t miss out on this rare property waiting for your future development. All measurements are approximate.More details
Nestled on a picturesque lot this beautifully maintained home awaits. As you enter, you'll be greeted by the original fir floors, a captivating river rock fireplace, and lofty ceilings that infuse the space with warmth and character. The main floor unveils three spacious bedrooms, offering ample room for both relaxation and creativity. Descend to the lower level to find a 700 sqft 1 bedroom suite flooded with natural light and adorned with soaring ceilings. Outside, a beautifully landscaped lot spanning over 10,000 sqft awaits, boasting mature fruit trees, a tranquil garden area, and convenient lane access. Parking is ample, and a wired shop offers endless possibilities for hobbies or storage. Extend your living space outdoors with a cozy porch at the front and a spacious deck at the back, perfect for embracing the joys of outdoor living. Measurements are approximate, verify if important.More details
Beautifully renovated character home on a RARE DT8 ZONED LOT with level entry 2-bed legal suite in the Old City Quarter. FANTASTIC HOLDING PROPERTY with many uses: mixed commercial/residential buildings with commercial use permitted at street level & multiple family residential uses on the 2nd (& 3rd story if applicable), assembly, offices, restaurants, commercial shops LIVE/WORK ++ or enjoy a charming character home & mortgage helper. Full 2009 renovation including: electrical, foundation, plumbing, sewer connection, water connection, bathrooms, roof & interiors. Main unit: New stainless steel appliance package, new flooring, new custom walk-in shower, 10ft ceilings & recessed pot lights. The home is filled with light with modern, low-E vinyl windows, open-concept living/dining area & a sunny, south-facing back deck & lot. Month-to-month tenancy. Separate electrical, cable, laundry, & hot water tanks (new 2021). Separate storage. Check out all DT8 zoning uses. Measurements approximateMore details
Beautifully renovated character home on a RARE DT8 ZONED LOT with level entry 2-bed legal suite in the Old City Quarter. FANTASTIC HOLDING PROPERTY with many uses: mixed commercial/residential buildings with commercial use permitted at street level & multiple family residential uses on the 2nd (& 3rd story if applicable), assembly, offices, restaurants, commercial shops LIVE/WORK ++ or enjoy a charming character home & mortgage helper. Full 2009 renovation including: electrical, foundation, plumbing, sewer connection, water connection, bathrooms, roof & interiors. Main unit: New stainless steel appliance package, new flooring, new custom walk-in shower, 10ft ceilings & recessed pot lights. The home is filled with light with modern, low-E vinyl windows, open-concept living/dining area & a sunny, south-facing back deck & lot. Month-to-month tenancy. Separate electrical, cable, laundry, & hot water tanks (new 2021). Separate storage. Check out all DT8 zoning uses. Measurements approximateMore details