SOUTH NANAIMO

South Nanaimo Homes For Sale

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  • 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962

    507 Milton St Na Old City Nanaimo V9R 2L2
    Main Photo: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
    $15,900,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1042962
    An opportunity to acquire freehold interest in a mixed use residential/retail rental complex centrally located in Nanaimo. Completed in 2024, the complex is comprised of 25 large townhouse units all with exterior entrances, individual hot water tanks, dishwashers and laundry rooms, as well as 3 commercial CRU’s over three buildings. The property is currently fully rented but built to strata specification, and the potential exists to stratify and sell the individual units separately in the future.The complex benefits from a partial property tax exemption until 2033. This is a rare opportunity to buy a newer rental asset with stable holding income and future strata sale potential. More details
    Listed by NAI Commercial (Victoria) Inc.
  • 13 Victoria Cres in Nanaimo: Na Old City Office for sale : MLS®# 1050580

    13 Victoria Cres Na Old City Nanaimo V9R 5B9
    Main Photo: 13 Victoria Cres in Nanaimo: Na Old City Office for sale : MLS®# 1050580
    $2,495,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1050580
    Prime Downtown Opportunity in Nanaimo, extensively upgraded property featuring approximately 50,000 sq. ft. of thoughtfully designed and turnkey office space. Located in the heart of downtown Nanaimo, the property offers exceptional potential for businesses seeking a central and professional location. The property comprises seven distinct units, each tailored for substantial office use, with configurations ranging from 3 to 18 offices per unit. Each unit boasts a variety of functional amenities such as staff rooms, kitchens, reception areas, waiting rooms, washrooms and ample storage solutions. Building is equipped with an on-site workshop, and a cafeteria/restaurant. Spread across two floors with two convenient access points, the property is zoned DT 4 (Terminal Avenue), allowing for diverse uses such as offices, financial institutions, commercial or technical schools, convention centers, and cultural facilities. Plus GST. More details
    Listed by REMAX Professionals (NA)
  • 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 1042858

    571 Albert St Na Central Nanaimo Nanaimo V9R 2W1
    Main Photo: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 1042858
    $2,490,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1042858
    Exceptional investment opportunity featuring a meticulously maintained 10-unit rental building constructed in 2019. The property generates more than $12,000 per month plus utilities, with a projected cap rate of approximately 4.5%–5%. Ideally located near transit, ferries, sea plane service, shopping centres, schools, parks, churches, and other essential amenities. Building maintains 100% occupancy, supported by an ongoing tenant wait-list that reflects the strong demand for rental housing in this location. Professionally managed and exceptionally clean, the property benefits from a stable roster of responsible tenants and offers a straightforward, low-maintenance investment. With the seller preparing for retirement, attractive vendor-financing options may also be available. Whether expanding an established portfolio or entering the multifamily rental market, this property offers reliable income, modern construction, strong tenant demand, and excellent long-term investment potential. More details
    Listed by Sutton Group-West Coast Realty (Nan)
  • 1015 Park Ave in Nanaimo: Na South Nanaimo Unimproved Land for sale : MLS®# 1050853

    1015 Park Ave Na South Nanaimo Nanaimo V9R 4J5
    Main Photo: 1015 Park Ave in Nanaimo: Na South Nanaimo Unimproved Land for sale : MLS®# 1050853
    $1,999,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1050853
    DEVELOPMENT OPPORTUNITY! 1015 Park Avenue is a 4.74-acre multi-family site offering significant density potential of up to 36 townhouse units. The Suburban Neighbourhood OCP designation supports up to 25 units/ha. With site-specific rezoning approval, preliminary concepts indicate the property could potentially accommodate up to 36 townhomes. A 2024 topographic survey and slope analysis identify approximately 1.463 ha of developable area. Concept layouts explore building placement, access and grading in response to site constraints, giving developers a solid starting point to assess feasibility and design. Due-diligence materials include survey, slope and geotechnical information, terrain modelling and concept plans. Minutes from VIU, transit, schools, shopping and major routes, this is an opportunity to pursue a higher-density townhouse project in Nanaimo. Concepts and unit counts are preliminary; all development is subject to purchaser due diligence and required municipal approvals. More details
    Listed by Sutton Group-West Coast Realty (Nan)
  • 1015 Park Ave in Nanaimo: Na South Nanaimo Land for sale : MLS®# 1050851

    1015 Park Ave Na South Nanaimo Nanaimo V9R 4J5
    Main Photo: 1015 Park Ave in Nanaimo: Na South Nanaimo Land for sale : MLS®# 1050851
    $1,999,000
    Residential
    Status:
    Active
    MLS® Num:
    1050851
    DEVELOPMENT OPPORTUNITY! 1015 Park Avenue is a 4.74-acre multi-family site offering significant density potential of up to 36 townhouse units. The Suburban Neighbourhood OCP designation supports up to 25 units/ha. With site-specific rezoning approval, preliminary concepts indicate the property could potentially accommodate up to 36 townhomes. A 2024 topographic survey and slope analysis identify approximately 1.463 ha of developable area. Concept layouts explore building placement, access and grading in response to site constraints, giving developers a solid starting point to assess feasibility and design. Due-diligence materials include survey, slope and geotechnical information, terrain modelling and concept plans. Minutes from VIU, transit, schools, shopping and major routes, this is an opportunity to pursue a higher-density townhouse project in Nanaimo. Concepts and unit counts are preliminary; all development is subject to purchaser due diligence and required municipal approvals. More details
    Listed by Sutton Group-West Coast Realty (Nan)
  • 531 Kennedy St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1041190

    531 Kennedy St Na Old City Nanaimo V9R 2J6
    Main Photo: 531 Kennedy St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1041190
    $1,975,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1041190
    Strict Schedule A compliance applies. Do not disturb tenants. Under no circumstances are property tours, photography, or structural inspections permitted without a minimum of 48 hours' written notice to the owners, in strict accordance with the BC Residential Tenancy Act. A Designated Agent must accompany prospective buyers during all structural or unit tours. Detailed financial statements, complete tenancy profiles, and underlying rent rolls will only be released to prospective purchasers or cooperating brokerages upon receipt of a completed, commercially reasonable Non-Disclosure Agreement (NDA) approved by the ownership. Cooperating commission split is 1.5% as per the listing contract More details
    Listed by NAI Commercial (Victoria) Inc.
  • 454 Ninth St in Nanaimo: Na South Nanaimo Land for sale : MLS®# 987810

    454 Ninth St Na South Nanaimo Nanaimo V9R 1A4
    Main Photo: 454 Ninth St in Nanaimo: Na South Nanaimo Land for sale : MLS®# 987810
    $1,867,000
    Residential
    Status:
    Active
    MLS® Num:
    987810
    This property offers an exceptional opportunity for developers seeking to capitalize on its prime location and flexible zoning regulations. The potential for constructing up to four residential units opens avenues for either a multi-family dwelling or luxurious individual homes. The breathtaking views provide a stunning backdrop, making it a desirable living space for future residents. Imagine waking up to a panoramic cityscape that seamlessly transitions into the serene expanse of the ocean, offering a daily visual treat that few properties can match. Adding to its appeal, the area boasts a blend of urban convenience and natural beauty, making it a perfect setting for a modern residential development. With the right vision, 454 Ninth Street can be transformed into a highly sought-after address, blending elegance and functionality in one of the most picturesque parts of the city. More details
    Listed by eXp Realty (NA)
  • 25 Cavan St in Nanaimo: Na Old City Office for sale : MLS®# 1050045

    25 Cavan St Na Old City Nanaimo V9R 2T9
    Main Photo: 25 Cavan St in Nanaimo: Na Old City Office for sale : MLS®# 1050045
    $1,650,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1050045
    Located on the high-profile corner of Cavan Street and Albert Street, this ±6,549 SF standalone building provides a rare opportunity to secure a central, highly visible location with immediate usability and long-term upside. The existing improvements include a functional mix of private offices, open work areas, meeting rooms, and reception —well suited for professional firms, medical or wellness users, education providers, and customer-facing businesses. Zoned DT9 (Old City Central), the property supports a broad range of permitted uses including: Office and professional use, retail, personal and medical service, community services, daycare, educational facilities, among many others. Originally constructed in 1949 by the Provincial Government, the building showcases distinctive Streamline Moderne architecture and carries heritage designation—offering a unique combination of character, presence, and long-term positioning within Nanaimo’s revitalizing downtown core. More details
    Listed by RE/MAX Camosun
  • 611 Sandy Crt in Nanaimo: Na University District Multi Family for sale : MLS®# 1050529

    611 Sandy Crt Na University District Nanaimo V9R 1M1
    Main Photo: 611 Sandy Crt in Nanaimo: Na University District Multi Family for sale : MLS®# 1050529
    $1,399,900
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1050529
    Excellent 6.51% Cap Rate. Imagine coming home to a place with room for everyone & an opportunity to maximize the income. Built in 2017 and tucked away at the end of a quiet cul-de-sac, this meticulously maintained Quadplex offers 10 bedrooms, 7 bathrooms, 3,584 sq. ft. of finished living space & 4 rentable units. The flexible layout creates many possibilities, whether it's your primary and you are welcoming extended family, or looking for an investment property with excellent cashflow. With generous living areas, plenty of parking, and a fenced side and backyard, there is room to enjoy everyday life while making the most of the home’s potential. Enjoy the quieter cul-de-sac setting conveniently located near Vancouver Island University, the Nanaimo Recreation Centre, Shopping and beautiful Colliery Dam. Zoned R5, allowing up to 4 dwelling units subject to City requirements. A home with this much space and flexibility offers the opportunity to maximize income potential for years to come. More details
    Listed by Oakwyn Realty Ltd. (NA)
  • 611 Sandy Crt in Nanaimo: Na University District Quadruplex for sale : MLS®# 1048866

    611 Sandy Crt Na University District Nanaimo V9R 1M1
    Main Photo: 611 Sandy Crt in Nanaimo: Na University District Quadruplex for sale : MLS®# 1048866
    $1,399,900
    Residential
    Status:
    Active
    MLS® Num:
    1048866
    Bedrooms:
    10
    Bathrooms:
    7
    Floor Area:
    3,584 sq. ft.
    INVESTOR ALERT: Excellent 6.51% Cap Rate. Imagine coming home to a place with room for everyone & an opportunity to maximize the income. Built in 2017 and tucked away at the end of a quiet cul-de-sac, this meticulously maintained Quadplex offers 10 bedrooms, 7 bathrooms, 3,584 sq. ft. of finished living space & 4 rentable units. The flexible layout creates many possibilities, whether it's your primary & you are welcoming extended family, or looking for an investment property with excellent cashflow. With generous living areas, plenty of parking, & a fenced side & backyard, there is room to enjoy everyday life while making the most of the home’s potential. Enjoy the quieter cul-de-sac setting conveniently located near the University, the Nanaimo Recreation Centre, Shopping and beautiful Colliery Dam. Zoned R5, allows upto 4 dwelling units subject to City requirements. A home with this much space & flexibility offers the opportunity to maximize income potential for years to come. More details
    Listed by Oakwyn Realty Ltd. (NA)
  • 447,449&455 Nicol St in Nanaimo: Na South Nanaimo Unimproved Land for sale : MLS®# 1036107

    447,449&455 Nicol St Na South Nanaimo Nanaimo V9R 4T5
    Main Photo: 447,449&455 Nicol St in Nanaimo: Na South Nanaimo Unimproved Land for sale : MLS®# 1036107
    $1,250,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1036107
    For sale: 427, 449 & 455 Nicol Street, Nanaimo, B.C. (the "Subject Site") — a compelling opportunity to acquire a Development Permit-ready multifamily site in one of Nanaimo's most rapidly transforming neighbourhoods. The Subject Site comprises three contiguous lots totaling 17,692 SF (0.41 acres) with 160+ feet of frontage on Nicol Street. Zoned COR3 Community Corridor, the plans designed by Stantec Architecture for a 4-storey, 35-unit purpose-built rental building. The unit mix comprises 8 micro-studios, 15 one-bedroom units, and 12 two-bedroom units. The Subject Site is a five-minute drive to downtown Nanaimo, Port Place Mall, and the Harbourfront Walkway, and ten minutes to Vancouver Island University and BC Ferries terminals. More details
    Listed by Sotheby's International Realty Canada (Vic2)
  • 499 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042861

    499 Wallace St Na Old City Nanaimo V9R 5B7
    Main Photo: 499 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042861
    $1,250,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1042861
    A rare opportunity to acquire a prominent downtown Nanaimo commercial property with stable income and future rental upside. The building is currently leased to an established tenant operating the popular Vault Café/Bar, who also manages the upper-floor office rentals. The existing lease runs until March 2028, providing dependable cash flow and a current cap rate of approximately 5%. Upon lease renewal, the buyer will have greater flexibility to restructure the tenancy, adjust rents to market levels or lease the café and office spaces separately, creating potential to increase the cap rate to over 6%, subject to market conditions and operating costs. The upper floor includes 7 office rooms, 2 bths, a kitchen/staff area, large windows and skylights. Located on a highly visible corner near City Hall, the Conference Centre, seaplane terminal and HeliJet, this unique heritage landmark offers an attractive combination of stable income, strong location and long-term investment potential. More details
    Listed by Sutton Group-West Coast Realty (Nan)
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Data was last updated October 3, 2026 at 10:05 AM (UTC)
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.