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100 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 973382
Introducing an unparalleled investment opportunity in downtown Nanaimo! This fully occupied building, with most tenants having long-term leases, including an anchor tenant, the walk-in clinic, secured until 2030, generates over $150k in net profit annually. The diverse mix of tenants includes a pharmacy, physiotherapist, sleep clinic, CPA office, and art studio. Situated at the heart of Nanaimo's downtown center and with a 7-level apartment building under construction across the street, the potential for growth is immense. Benefit from stable income streams and tap into the future synergy with neighboring residents. With the rising demand for downtown residential properties, consider the possibility of transforming this property into coveted condominiums. Whether you're an investor seeking stability or an entrepreneur with a vision, this property offers an unparalleled opportunity. All measurements are approximate, to verify if important.More details
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
First time on the market! Come discover this exquisite Old Quarter property featuring a beautifully restored & renovated 1930s character home alongside a contemporary carriage house on 0.21-acre lot. Home features 8 beds/5 baths, grand entrance staircase & covered porch, leaded glass, coved ceiling, cozy family room, a formal dining area, tastefully renovated kitchen, bright sun room, multiple decks—ideal for both entertaining and relaxation. Modern hot water radiant heating for cost efficient heating, quality appliances, new hot water tanks, upgraded electrical & plumbing, a low-maintenance fully-fenced yard perfect for pets. The modern 2-bed carriage house offers additional living space or rental potential, making this property even more versatile. This remarkable home, with its blend of historical elegance and modern functionality, is a rare find. Schedule a visit to experience its unique features and charm firsthand. All measurements and data should be verified if deemed important.More details
2 homes on 1 lot! First, step into a piece of history with this era kept, tastefully updated 3 bedroom, 2 bathroom 1927 home boasting historic charm and modern comforts. Admire original architectural details seamlessly blended with contemporary finishes, creating a timeless aesthetic. The ready-to-go in-law suite downstairs provides additional living options within the main house. In the back of the property accessed thru a lane way is your brand new 2 bedroom, 2 full bathroom carriage house. Live in the carriage house and rent out the main house or the other way around? Maybe you need a spot for extended family? No matter how you look at it, located near amenities recreation and all levels of schools, these types of living possiblities in the city are a rare find. The city, mountain and ocean views are the cherry on top! Experience the best of heritage living with modern convenience - schedule your tour today!More details
ATTENTION INVESTORS & DEVELOPERS! Rare chance to acquire this prime Old City Commercial property zoned DT10 Business Commercial, boasting exceptional visibility and exposure just a stone's throw away from the bustling downtown core. The offering includes 704 & 710 Fitzwilliam Street, strategically positioned on a busy corner in Nanaimo's core. The property features a 1,121 sq ft single-level commercial office building on a generous 6,603 sq ft lot, while 710 Fitzwilliam St. offers a 2-bedroom, 772 sq ft single family home (currently rented but intended for tear down) with 370sqft shop on a spacious 6,557 sq ft lot. Combined, both lots span 13,160 sq ft with a total frontage of 168 ft on Fitzwilliam St. and 65 ft on Milton St. This presents a unique opportunity to establish your business in a strategic location with ample parking or holding for future development. Properties of this caliber are seldom available in the coveted Old City area, making this an investment not to be missed!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
Investment Opportunity! This property offers three distinct and functional living spaces with significant potential. The upper unit features 2 bedrooms plus a den and includes a spacious living room with a woodstove, a full kitchen, a 4-piece bathroom, and its own laundry room. Downstairs, you'll find a separate newly renovated bachelor suite with its own front entrance, a kitchenette with a fridge, a 4-piece bathroom, and a storage area. At the back of the property, there's a 2-bedroom suite with its own hydro meter. This amazing investment opportunity is close proximity to the water and the roof, gutters, and rear deck were replaced in 2016. The plumbing system was always completely replaced by new PEX pipes in 2022, and the backyard fence was replaced in 2022. The property also features a massive back yard with parking and lane access at the rear with a charming private garden and patio area. Fast close is obtainable, book your showing today!More details
Discover your dream home—a blend of timeless charm and modern elegance! This four-bedroom beauty features a new roof (late 2023), new siding, and plush carpets upstairs. Inside, enjoy 10-foot ceilings, an open-concept living area, and abundant natural light from large windows. The updated kitchen with gas appliances is perfect for contemporary living. Located at the end of a quiet cul-de-sac, this home offers tranquil views of Bowen Park and easy access to recreation trails, shopping, and transit. The main-level master suite at the rear features a spacious walk-in closet. The family bathroom includes a bath, shower, and laundry in one convenient space. Upstairs, three additional bedrooms have sloped ceilings, new carpets, and skylights that brighten the rooms. Outside, the private rear garden includes laneway access and room for two parking spaces. The inviting front veranda offers a spot to relax and enjoy the neighborhood.
The perfect mix of history and modern comfort!More details