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1-12/26
571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 934531
2019 built 10 unit building with rental income of $9983+utilities per month is up for grabs. Close to ammenities, transit, ferries, float planes, shopping, mall, schools, parks, churches is not the only reason this property has almost 100% occupied rate with wait list. The building is really well managed, clean with wonderful tenants in place. Seller retiring, option to vendor financing also available. If you have been looking to build your rental portfolio for passive income, this is the one you need to score. Fully tenanted to viewings are only Friday June 16, 2023 between 10-1 PM. If you plan on viewing without representation, please notify us in advance. Offers if any to be presented June 18, at 5 PM. All measurements from BC assessment are approximate, buyer to verify if fundamental to purchase.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
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
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
This is the investment for your future that you have been waiting for! Zoned R14 for multi-family (up to 4 units with city permission) and sitting on a 10,000-square-foot lot with lane access, the possibilities are fantastic! A duplex, a coach house, a fourplex, a suited house and a carriage house?! Located in the heart of the Old City corridor on a charming tree-lined street of character homes, this is a must-see as there is tremendous potential to be had here. Currently, a 4-bedroom house that used to have 3 bathrooms. It would be easy to suit again. Is massive in its feel and features an attractive and huge deck to enjoy partial ocean views from. This family-loved home for 20+ years is ready for its next adventure. Are you willing to invest in your wealth and happiness?More details
Welcome to 120 Pine St in Nanaimo’s Old City Neighborhood in Downtown Nanaimo. This beautiful character home sits on a large & level lot with alley access. The lot is ‘coach house eligible’. This unique property has the potential for 3 separate suites. Currently, the main floor has 2 bedrooms and 1 bathroom. The dining room could be used as a 3rd bedroom or den. The kitchen has been beautifully updated with high-end European appliances. Downstairs there is an additional 2 bedrooms and 1 bathroom. The downstairs electrical has been roughed in for a kitchen and plumbed for a separate laundry. The upper floor has been roughed in for a 3rd separate 1 bed, 1 bath suite with separate laundry. The yard is nicely landscaped and is set up with raised garden beds and a marble patio. This home has had substantial updates to the electrical, plumbing and perimeter drain and represents a great option for anyone looking for an opportunity in Nanaimo’s growing downtown area. Measurements are approx.More details
DEVELOPMENT POTENTIAL!!! This 8800 sq ft lot is ZONED DT8 (allowing for mixed commercial/ residential buildings.) Commercial uses are permitted at street level and multiple family residential on the second and third stories or all residential; max height 34'5 ft. See supplements for more info on Zoning. The property currently has an older duplex with a 3-bedroom suite on the main level and a 1-bedroom suite on the lower level. There is also a 1 bedroom cottage. 24 hour notice required for viewing, all units are rented total monthly rent is $3050. All measurements are approximate and should be verified if important.More details
Classic 1920s charming home in the heart of downtown area with DT8 zoning. Listing price 11% lower than 2024 assessment value. This spacious, tasteful and bright house has been carefully updated and maintained. The beautiful 4 bedrooms house features hardwood floor in main living area and custom fixtures, wood-framed windows. Next to main house is separate studio with 3 pics bathroom which has potential to be a comfortable bedroom or short term rental. HAVC system provides heating and cooling in main house and the studio. White wood fence front yard, craftsman style house with pretty front porch, separate studio, private rear yard, just a few glimpse, you will fall in love with the property. It is excellent for a growing family or investors who are looking for a property with combination of residential and commercial uses. The unique DT8 zoning allows for a variety business opportunities. Measurements are approx. Verify if important.More details
Welcome to 798 Franklyn St in the Old City Quarter! Ocean views from this large corner lot with duplex zoning makes this property an excellent development, rezoning or holding opportunity. The character 2 bedroom 1 bath home features a partially finished basement with a den plus workshop. The property is in a prime location and walking distance to shops and key amentities including the waterfront and seawall. With the BC proviincial government mandate for more housing this could be a great opportunity. You could hold onto the rental property while you plan the future development potential and options or build a second home. Long term tenant in place and home needs TLC. All measurements are approximate and should be verified if deemed important.More details