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Old City Real Estate in Nanaimo

Old City Nanaimo Homes for sale

Nanaimo’s Old City is the historic core of the city and site of the earliest habitation in the area. As the city grew up around the coal mines and logging industry and the docks that allowed these resources to be shipped, people migrated to Nanaimo and built homes for themselves. In keeping with its history, the neighborhood features many homes and areas that harken back to the city’s boomtown roots. Old City real estate features harbor views, character homes, and proximity to the hip, trendy boutique shops and cultural experiences that give the area its flavor and vibrancy.

Old City Homes & Condos For Sale

Nanaimo’s Old City offers an enticing mix of classic older homes and brand new ocean view condos. Even though the Old City homes for sale are situated on just over 20 square blocks, the variety on offer here makes it a highly desirable place for newcomers to the area to settle down. The broad tree-lined streets showcase gorgeous craftsman bungalows on smaller lots, and the overall atmosphere is welcoming and community focused.

Near the inner harbor, there are highly sought-after condo developments that overlook the beautiful marina. Alongside the water is a scenic seawall that stretches almost all the way to the ferry terminal and provides a great space for walking, biking, or fishing off the private pier. Spend enough time here and you may have an up-close encounter with a curious harbor seal.

Life and Culture in an Old City Property

Nanaimo’s Old City forms the cultural core of the city as much as the geographical one. The Old City area is home to numerous live music venues including the Vancouver Island Conference Center and the Port Theatre.  Live Music and spring/summer festivals offer a variety of exciting entertainment options.  Historic structures like the famous Nanaimo Bastion add to the sense of place and antiquity that underlies the buzzing energy of a modern metropolitan downtown core.

Small ferries and water taxis give quick access to Newcastle, Protection or Gabriola islands, all locations that are perfect for a day spent exploring parks and quaint craft and artisan stores that the Gulf Islands are known for. In the other direction, you’re just a short drive out of town from the scenic Nanaimo lakes and hiking on Mount Benson, where breathtaking panoramic views of the Georgia Strait are your reward for your effort.  Life in your own piece of Old City real estate will always be filled with possibility.

Old City - Downtown Listings

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199 Fraser St
Na Old City Nanaimo V9R 5C1

$99,000
Commercial Sale

Main Photo: 199 Fraser St in Nanaimo: Na Old City Business for sale : MLS®# 923992
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
923992
Iconic family-run restaurant located 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. Turn-key operation with plenty of upside potential Building and Land available for sale as well. Please do not approach staff.
Property Type:
Commercial Sale
Type:
Business
Commercial Type:
Business
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Taxes:
Ceiling Heights:
Commercial Area:
Fireplace:
No
Pending Date:
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:
Units in Building:
Units in Community:
Occupancy:
Owner
Parking Features:
On Site
Business Type:
Restaurant/Bar
Total Units:
Date Listed:
Feb 16, 2023
Original Price:
199000.0
  • Photo 1: 199 Fraser St in Nanaimo: Na Old City Business for sale : MLS®# 923992
    Photo 1 of 1
Listed by Sutton Group West Coast Realty
Data was last updated May 30, 2023 at 10:05 AM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$982,500
Min list price:
$79,500
Max list price:
$4,980,000
Avg days on market:
76
Min days on market:
1
Max days on market:
468
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.
DEANA BAUMEL PREC
MICHAEL PETERSON PREC
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.