Excellent opportunity to acquire a multi-tenanted retail investment at the gateway to Nanaimo’s historic
Gallery Row. The Property comprises two adjacent titled lots improved with a predominantly single-storey
retail building, offering strong street exposure and a diverse tenant mix.
The asset provides stable in-place income with additional upside through lease-up of one vacant unit. Located
within a vibrant downtown node, the Property benefits from consistent pedestrian activity and is supported by
significant nearby residential developments, including a 195-unit and a 163-unit project.
The building is listed on the City of Nanaimo Community Heritage Register, contributing to the character of the
Old City Quarter. Offered at $2,300,000, reflecting an approximate 5.69% stabilized cap rate. Further
information available upon execution of a confidentiality agreement.
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building, Land
Lease Type:
Sale Price
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
0 sq. ft.0 m2
Taxes:
$8,323 /
2025
Total Building Area:
6,276 sq. ft.583 m2
Leasable Area:
6,276 sq. ft.583 m2
Commercial Area:
Downtown
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
1493000.0
Assessment year:
2026
Jurisdiction name:
City of Nanaimo
Legal Description:
LT 1, BLK 32, SEC 1, NAN DIST, PL 584 & PID 003-693-750 THE EASTERLY 56 FT OF LT 2, BLK 32, SEC 1, NAN DIST, PL 584