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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
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
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
Two businesses for sale inclusive of two facial recognition based patents plus source code & algorithms for VersaMakeUp & Friendly Mirror. The inventor created 2 novel software applications & obtained 2 valuable patents in the U.S.A. & Korea. The algorithms & software measure the face and body structure & provide intelligence on what the consumer can do to improve their appearance. The applications calculate & display to the consumer how to apply makeup or alter their appearance to achieve their optimum aesthetics for their structure, & displays to the user in a graphical representation how to apply makeup to achieve an appearance closer to ideal or to a chosen standard. Embodiments show the user what their appearance would be if she/he/they were to apply makeup/clothing as recommended by the app. The businesses / assets should be of interest to cosmetics firms or a software companies and/or brands in the cosmetics / cosmetic surgery / fashion space.More details
Listed by William Wright Commercial Real Estate Services
LANDMARK HOTEL PUB AND RESTRAUNT, LAND AND BUILDINGS INVESTMENT OPPORTUNITY, LOCATED IN THE OLD CITY QUARTER OF NANAIMO DOWNTOWN , BUILT IN 1892 . A POPULAR DESTINATION SINCE THE LATE 1800'S, BEAUTIFULLY RESTORED IN THE LAST FEW YEARS INCLUDING STRUCTURAL UPGRADES, THE PROPERTY IS BEING OFFERED AS A COMMERCIAL INVESTMENT WITH AN EXCELLENT LEASE BACK TO THE PUB AND RESTAURANT. THE PUB RESTAURANT IS LICENSED FOR 117 SEAT, 2ND LEVEL IS UNDEVELOPED IS AWAITING YOUR IDEAS. THE LARGE LOT IS OVER 10,000 SQ FEET ALLOWS FOR FUTURE EXPANSION BEHIND THE HOTEL FOR COMMERCIAL MULI-FAMILY MIXED USE WITH GRADE LEVEL PARKING BELOW THE EXPANSION BUILDING, THE BUSINESS IS ALSO AVAILABLE AND LISTED SEPARATELYMore details
Excellent opportunity to own this commercial investment property. Main floor has commercial
kitchen hood and the lower level is very spacious and can be used multiple purposes. Each floor
has its own entry and vacant now. Public parking on the street as well a public parking across the
street- Main floor 3886 sqft and lower floor 3705 sgft.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
An exceptional opportunity awaits an owner-occupier or investor with this prime property located in Nanaimo's bustling business core. Boasting a functional ground level that is currently utilized as a Volvo auto repair center, the property's upstairs area has great potential for redevelopment into a work-live space, office space, or an alternative use to maximize the income potential under the current zoning. Furthermore, a purchase option for the operating business (Volvo service and repair) is available for an additional $100,000 (as an Asset Sale that includes existing inventory), with terms negotiable with the seller. As the neighborhood is optimal for redevelopment, sophisticated investors can anticipate future upside potential. The current owner will provide vacant possession. All sizes approximated and subject to verification by the prospective buyer.More details
Welcome to your dream home in Nanaimo's vibrant south end! located on a quiet street of new homes, this spacious 5-bedroom, 3-bathroom residence is ideal for families, offering a modern 2-bedroom legal suite for additional income or extended relations. Enjoy a prime location within walking distance to all levels of schools and situated in a peaceful neighbourhood. Luxurious finishing throughout the home and a thoughtful floor plan define practicality in this new build. The heating system is forced air natural gas in the main home with electric baseboard in the suite, separate meters, on demand hot water, stone countertops in the main kitchen, high end laminate flooring, rough in for heat pump, and a nice deck area to enjoy the tranquil back yard area that awaits your ideas. Completion expected in February 2024.More details
Prime investment opportunity! This 6-plex, nestled in the heart of the historic Old City, boasts DT8 zoning, offering a versatile canvas for future development. Currently a great holding property, it promises not only immediate returns but also the potential for significant appreciation in the evolving real estate landscape. Don't miss the chance to secure your stake in this strategically located gem! Please verify measurements if important.More details
Modern construction in a heritage neighbourhood. Constructed in 1991 with superior fir craftsmanship spanning over 3500 sqft, it offers an abundance of space and charm. The landscape is adorned with fruit trees, including apples, pears, and peaches. With alley access and eligibility for a coach house, this property presents limitless possibilities for customization. The full-height basement is a canvas awaiting your creative ideas, whether you envision crafting your dream family home or establishing an income-producing suite. Enjoy excellent sun exposure and a short stroll to the vibrant City Centre, while the nearby University adds to the allure of this location. Nanaimo's Downtown district is experiencing a renaissance, with the introduction of the new passenger ferry, a new conference center hotel, and a revitalized Commercial Street. Now is the perfect time to secure your piece of this thriving community. (Measurements are approximate and should be verified if deemed important.)More details