Multi-tenant commercial investment property situated on approximately 1.30 acres, improved with a 15,110 sq.ft. building fully leased to four tenants. The property provides stable in-place income, with the majority of leases structured as Net leases, allowing for recovery of operating costs. Ample on-site parking is available for tenants and customers, with convenient access to surrounding residential neighbourhoods and established commercial services within Nanaimo. The site includes approximately 0.59 acres of surplus land based on current parking requirements, offering potential for future expansion or redevelopment. This property presents an opportunity for investors seeking steady income with potential for future growth. Financial package available on completion of a Confidentiality Agreement.More details
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.More details
Unit 104 - 425 Stanford Avenue in Parksville is located within the 23-unit Stanford Centre, with this being the
only unit currently available in the complex, offered for sale or lease. The unit provides approximately 2,263
square feet on the main floor, plus a 200 square foot mezzanine, with a functional layout including reception
area, private office, file/storage room, break room with kitchenette, washroom, and warehouse/workshop
areas.
The main level offers front-facing office and reception space, along with rear access from the back of the
property via a large roll-up door and warehouse space featuring up to 20-foot ceilings, supporting a range of
uses. The upper level includes three offices and a second washroom. Zoned CS-3 (Service Commercial), the
property supports a variety of uses including service and light industrial, food catering, recreational, and
accessory retail or office, making this a practical opportunity for both owner-occupiers and investorsMore details