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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
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
Listed by Sutton Group West Coast Realty W Broadway
Calling all investors! Nestled in the heart of Nanaimo, this impressive 5-unit investment property offers an opportunity for savvy investors looking to capitalize on a thriving real estate market. Just a stone's throw from the picturesque waterfront, this building sits in a highly desirable location and is within walking distance to amenities including parks, shopping, restaurants, schools and VIU. With its close-knit community atmosphere and the breathtaking backdrop of the ocean and mountains, living in this area offers a unique blend of urban conveniences and outdoor adventures. In addition, Nanaimo's ongoing development projects and urban revitalization efforts contribute to a positive outlook for property value appreciation. 4 covered parking stalls, additional surface parking, coin laundry and a storage locker for each unit are included. Fully tenanted. Monthly revenue available upon request. All data and measurements are approximate and should be verified if important.More details
Listed by Sutton Group-West Coast Realty and RE/MAX of Nanaimo
Come discover this exquisite Old Quarter property featuring a beautifully restored & renovated 1930s character home alongside a modern 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. Easy to show with notice.More details
Prime Location! This property, situated in downtown Nanaimo, offers excellent potential for businesses seeking a central location. Positioned near government offices and corporate buildings, and adjacent to new multi-family developments, this building is perfectly suited for office, medical, or government use. Previously utilized by a law firm, the space is already set up for professional services. The main level features entrances from both Wallace Street and Richards Street, with the added convenience of on-site parking. The second-floor offices are accessible via a private rear staircase, providing flexibility for two separate office spaces or a unified layout, supported by dual meters and heating systems. The full basement, with internal and external access, offers abundant storage options. This is an ideal opportunity for businesses looking to establish a presence in one of Nanaimo’s most dynamic areas.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
Discover this beautiful property on one of Nanaimo's most desirable heritage streets on a large 9405 sqft lot. The perfect family home with 3 bedrooms + den & 2.5 Baths, a gorgeous in ground pool, and sweeping ocean, mountain, & city views. Picture-perfect sunrises over the Coastal Mountains & the Strait of Georgia greet you from the large deck off the kitchen on the main floor, while the upstairs primary suite opens to its own expansive private patio, making entertaining a dream at this property. Brimming w/ potential, this property has a full partially finished basement, a detached garage, & potential to add a carriage house with laneway access. Every corner of the home reflects the love & care that’s been put into maintaining its beauty. Nestled in a vibrant & historic neighbourhood, just minutes from downtown & VIU, this home offers an exceptional blend of character, comfort & convenience. With room to grow & the perfect balance of indoor and outdoor living, it’s truly a rare find.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