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#101-309 116 Prideaux St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1039946
#101-309 116 Prideaux St Na Old CityNanaimoV9R 2M7
Rare opportunity to acquire a fully occupied portfolio of 27 strata-titled condominium units under single ownership in the heart of Nanaimo. Unlike traditional apartment buildings, each unit has its own legal title and PID number, providing exceptional flexibility for future disposition, refinancing or continued operation as a rental portfolio. The property has benefited from ongoing capital improvements and features elevator service, storage lockers, on-site laundry facilities and separate hydro metering. Opportunities to acquire a multifamily asset of this scale with individually titled units are exceptionally rare on Vancouver Island. A compelling investment offering stable occupancy, proven income history and multiple avenues for future value creation. Financial information available to qualified purchasers upon execution of a Confidentiality Agreement.More details
352 Wesley Street and 341 Robson Street present a rare downtown development opportunity in the heart of Nanaimo's vibrant Old City Quarter. Offered together, these two separately titled DT2-zoned properties total approx. 20,522 sq.ft. and provide exceptional development potential for mixed-use, multi-family, office, retail, hospitality, and live/work projects. With a base FAR of 2.3 and 100% lot coverage, the site may accommodate approximately 47,200 sq.ft. of buildable floor area, with potential density incentives available through the City of Nanaimo (buyer to verify all). Ideally located on the Old City's most desirable Street, surrounded by popular restaurants and boutiques, this is one of Nanaimo's most sought-after urban investment locations. Both properties enjoy dual frontage on Wesley Street and Robson Street and are currently operating as fully leased (unpaved) parking lots, generating valuable holding income while future development plans are pursued. Price plus GST.More details
Welcome to this beautifully renovated 1910 home in the heart of Nanaimo’s charming heritage district on Wesley Street. Thoughtfully updated with high-end finishes, it offers the comfort and peace of mind of modern living while preserving the warmth and character of its historic surroundings. Featuring two bedrooms and two bathrooms, the flexible layout is full of possibilities. Residential and commercial zoning provides exciting options for a private residence, professional office, boutique business, creative studio, or an inviting live-work space. Ideally located near downtown shops, restaurants, amenities, and Nanaimo’s waterfront, this is more than a property—it is a home and neighbourhood that must be experienced. From the moment you arrive, its character and atmosphere will capture your imagination and create a heartfelt vision for what is possible here.More details
Discover a rare opportunity in the heart of Nanaimo’s beloved Wesley Street Square. This beautiful character home has been completely restored, thoughtfully blending timeless heritage charm with modern comfort and peace of mind. Zoned for both commercial and residential use, the property offers exceptional flexibility—create a distinctive home, professional office, boutique business, or an inspiring live/work space. Adding even more potential, the property allows for the construction of an additional building for residential or commercial use, subject to City approvals. Located in the heart of the Old City, just steps from downtown shops, restaurants, amenities and the waterfront, this is more than a beautiful home—it’s an opportunity to create a lifestyle, business or investment in one of Nanaimo’s most charming and unique neighbourhoods.More details
This commercial character office building has fantastic curb appeal & is located in the heart of the Old City, close to restaurants, shops & other professional services. Situated next door to the city annex, across the street from city hall & within walking distance of Commercial St & Wesley St, this building is perfect for a lawyer, doctor or any other professional office. Over 3000 sq. ft incl. approx. 10 office stations, a converted boardroom to office w/ private entry, kitchenette, 2 bathrooms, a reception area & plenty of storage, this space is move-in ready. This beautiful, landmark building has a fascinating history & the street exposure allows owners to take full advantage of the impressive exterior character features & charming covered front deck. Add'l highlights incl: new security system, forced air natural gas w/ heat pump, parking for approx. 6 vehicles & access to add'l street parking. (All measurements are approx & should be verified if important. Floor plans available)More details
Positioned in Nanaimo’s historic Old City, 471 Selby Street offers a unique opportunity for an owner-occupier, professional practice, creative business or investor. Zoned DT8 Mixed-Use, this character property offers 2,772 sq. ft. of finished space on an 8,944 sq. ft. lot. A major permitted renovation in 2018 included updated plumbing, electrical, insulation, windows, 200-amp service and engineer-approved structural upgrades. Soaring 14-foot ceilings and abundant natural light create an impressive space ideal for an office, studio or live/work setup. A heated detached garage with its own full bathroom adds flexibility and potential. DT8 zoning allows office, retail, daycare, restaurant, live/work, personal services and multiple-family residential uses and more, subject to City requirements. Walkable to downtown shops, cafés and the seawall, with Hullo Ferry and Harbour Air less than 10 minutes away, this is a rare opportunity to combine business, investment and lifestyle in Nanaimo.More details
Set in the heart of Nanaimo’s historic Old City, this beautifully reimagined character home blends timeless charm w/ a modern, flexible lifestyle. Step inside to soaring 14-ft cathedral ceilings & a bright, open living and dining space filled with natural light. Extensively renovated in 2018 with permits, the home offers 3 bedrooms, 3 bathrooms and 2,772 sq. ft. of finished living space, plus a finished 6-foot basement. Outside, the fully fenced 8,944 sq. ft. lot feels like a private urban retreat with mature fruit trees, a gazebo, patio and BBQ area. A heated detached garage with its own full bathroom adds incredible versatility as a home office or income generator. Walk to downtown cafés, shops and the seawall, with Hullo and Harbour Air less than 10 minutes away. Upgrades inc. windows, structural upgrades, plumbing, electrical wiring & insulation. DT8 mixed-use zoning creates a rare opportunity to live, work, create or invest in one of Nanaimo’s most character-filled neighbourhoods.More details
Rare freestanding commercial building on Terminal Ave at Campbell St, offered at $799,000. Two demised units with separate entrances, glass storefront facing Terminal, two washrooms, dedicated on-site parking plus street parking on Campbell, and a multi-panel pylon sign. Zoned DT4 (Downtown Mixed-Use): permitted uses include retail, restaurant, fast food, office, commercial school, daycare, laundromat, auto sales/rental, auto parts sales and sign shop, with development potential. Suits an owner-user (occupy one unit, lease the other, or take the whole building) or an investor. Note: the current owner began interior work that was not completed, so some photos may not reflect current condition. Buyer to verify all measurements, zoning and permitted uses with the City of Nanaimo. Contact listing agent for showings and further information.More details
Reimagined with a modern eye, this spacious 5-bedroom, 2-bathroom home offers an exceptional
opportunity in the heart of Nanaimo’s historic Old City. Enjoy expansive ocean, city and mountain
views, with the Old City Quarter, downtown, waterfront, shops, restaurants and amenities all within
easy walking distance. Thoughtfully updated throughout, the home features a new roof, efficient
Navien boiler, dual heat pumps, beautiful white oak flooring, and updated kitchen and bathrooms.
The generous layout provides plenty of room for a growing or larger family, with flexible spaces
for guests, hobbies or a home office. The lower level offers potential for a future suite
conversion, creating an opportunity for additional income or extended family living. Alley access
adds convenience, while the low-maintenance yard makes outdoor upkeep simple. A rare combination of
modern updates, space, views, walkability and future potential in one of Nanaimo’s most established
neighbourhoods.More details
Enjoy the walkable lifestyle of Nanaimo’s historic Old City with the comfort of a modern 2022 build. This 1,936 sq ft European-aesthetic freehold half-duplex has no strata fees and sits steps from shops, dining, the seawall, and seaplanes. The open main flr connects a bright living space to a gourmet kitchen with quartz counters, gas stove, and walk-in pantry, plus a flexible den. Upstairs offers a study nook and 3 comfortable bedrooms. The primary suite features a luxury 5-pc ensuite, heated floors, and peekaboo ocean views. Live effortlessly with a premium dual-head heat pump for summer cooling/winter heating, a gas fireplace, and a detached powered garage. Outside, the fully fenced, low-maintenance yard features a privacy gazebo, offering an easy central lifestyle without the upkeep.More details
Income today, potential for tomorrow! 695 Franklyn Street pairs Old City Quarter character with reported rental income of approximately $4,500 per month. Close to Nanaimo’s eclectic downtown, this charming home offers an exciting opportunity for investors seeking rental revenue and future development possibilities. R14 zoning presents potential to explore a fourplex with suites, or retain the existing home and investigate adding a carriage home, subject to City confirmation and approvals. Continue as a rental holding or make it your Vancouver Island home with mortgage-helping income. Character, location and opportunity—all in one property. Buyers must confirm permitted uses and development feasibility with the City of Nanaimo. All measurements are approximate and must be verified if important.More details
Situated on the high side of Prideaux Street in Nanaimo’s sought-after Old City, 415 Prideaux offers an excellent opportunity for builders and developers seeking a development site. This land-only property is zoned DT8 – Old City Mixed Use and benefits from rear lane/alley access. A development permit application has been submitted for a proposed five-unit multi-family townhouse development consisting of two buildings, designed with efficient, attainable construction in mind. An appealing entry-level development opportunity for developers. The elevated location may offer potential views. Conveniently located near downtown Nanaimo, shopping, services, restaurants and transportation. All information, zoning, development potential, dimensions, permits, servicing, plans, costs and proposed uses must be independently verified by the Buyer. The active development permit application does not constitute approval or guarantee future development potential.More details