Homes For Sale in Nanaimo

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997 Hecate St
Na Old City Nanaimo V9R 4K7

$2,600,000
Commercial Sale

Main Photo: 997 Hecate St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1001638
Photo 1: 997 Hecate St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1001638
Photo 2: 997 Hecate St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1001638
Photo 3: 997 Hecate St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1001638
Photo 4: 997 Hecate St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1001638
Photo 5: 997 Hecate St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1001638
Photo 6: 997 Hecate St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1001638
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1001638
Fully updated, turnkey 9plex in Nanaimo, the fastest growing community in BC, with a high demand for rental, offering a blend of modern updates and financial incentives to attract discerning investors (assumable CMHC loan and VTB). With a strong income stream and a 4.7% capitalization rate (cap rate), this property is an ideal addition to any investment portfolio. This is a rare chance to acquire a fully updated multi-family property in one of Vancouver Island's most dynamic cities. Contact us today to schedule a viewing or for more information
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
8,720 sq. ft.
Taxes:
Building Features:
Fire Alarm, Fire Sprinklers
Construction:
Brick & Siding, Frame Wood
Ceiling Heights:
Total Building Area:
8,719 sq. ft.
Commercial Area:
Water supply:
Municipal
Heating:
Baseboard, Heat Pump
Fireplace:
No
Pending Date:
Garden, Playground
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Legal Non-Conformance:
Yes
Units in Building:
Units in Community:
Lot Site Features:
Central Location, Cul-De-Sac, Family-Oriented Neighbourhood, Landscaped, Quiet Area, Recreation Nearby, Shopping Nearby
Total Units:
Date Listed:
May 27, 2025
Original Price:
2600000.0
  • Photo 1: 997 Hecate St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1001638
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  • Photo 2: 997 Hecate St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1001638
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  • Photo 3: 997 Hecate St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1001638
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  • Photo 5: 997 Hecate St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1001638
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  • Photo 6: 997 Hecate St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1001638
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Listed by NAI Commercial
Data was last updated July 15, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
36
Avg list price:
$869,950
Min list price:
$59,500
Max list price:
$4,290,000
Avg days on market:
90
Min days on market:
3
Max days on market:
446
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations. This data is not produced by the MLS® system.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.