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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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111 Terminal Ave
Na Old City Nanaimo V9R 5C6

$17 /sqft
Commercial Lease built: 1988

Main Photo: 111 Terminal Ave in Nanaimo: Na Old City Retail for lease : MLS®# 924686
Photo 1: 111 Terminal Ave in Nanaimo: Na Old City Retail for lease : MLS®# 924686
Photo 2: 111 Terminal Ave in Nanaimo: Na Old City Retail for lease : MLS®# 924686
Photo 3: 111 Terminal Ave in Nanaimo: Na Old City Retail for lease : MLS®# 924686
Photo 4: 111 Terminal Ave in Nanaimo: Na Old City Retail for lease : MLS®# 924686
Photo 5: 111 Terminal Ave in Nanaimo: Na Old City Retail for lease : MLS®# 924686
Photo 6: 111 Terminal Ave in Nanaimo: Na Old City Retail for lease : MLS®# 924686
Status:
For Lease
Prop. Type:
Commercial Lease
MLS® Num:
924686
Year Built:
1988
Fantastic drive-up location facing Terminal Ave at corner of Campbell Street. This location is minutes from Nanaimo Harbour Airport. This site is at a high traffic low speed thoroughfare on a fabulous corner and is immediately adjacent and flows through to the #1 Highway. This location is ideal for any drive-thru or drive-up style business. The zoning allows for multiple uses including Assembly Hall, Auto Sales and Rental, Cultural Facility, Daycare, Entertainment use, Financial Institution, Funeral Parlour, Lab, Live/work, Lounge, Microbrewery, Neighbourhood Pub, Office, Pawnshop, Personal Care, Pharmacy, Publishing, Production, Recreation, Recycling, Restaurant, Retail, Social Services, Academic or Technical School, Vet Clinic or Wholesale.2 units available, minimum 611 Sf to 2,649 SF Total size. The space at Unit A includes 3 bathrooms, kitchen/storage area, and otherwise open floor plan. Unit B has about 1/3 of the space used as offices and bathroom. Storage area at the back.
Property Type:
Commercial Lease
Type:
Retail
Commercial Type:
Building, Land
Year built:
1988 (Age: 35)
Lease Type:
Absolute Net
Lease Term:
3-10 Years
Lease per Sq Ft:
6.93
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
5,855.041 sq. ft.
Taxes:
Building Features:
Parking
Construction:
Concrete
Electricity:
Yes
Number of Storeys:
1
Ceiling Heights:
Total Building Area:
2,640 sq. ft.
Leasable Area:
2,640 sq. ft.
Commercial Area:
Subdivisable Area:
No
Subdivisable Area Max:
2,640 sq. ft.
Subdivisable Area Min:
850 sq. ft.
Heating:
Forced Air
Fireplace:
No
Pending Date:
Sign: Allowed
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:
Legal Description:
Zoning:
DT4
Units in Building:
Units in Community:
Utilities:
Cable Available, Electricity Available, Natural Gas Available
Lot Site Features:
Easy Access, Level
Parking Features:
On Site
Total Units:
Date Listed:
Mar 03, 2023
Original Price:
17.0
  • Photo 1: 111 Terminal Ave in Nanaimo: Na Old City Retail for lease : MLS®# 924686
    Photo 1 of 6
  • Photo 2: 111 Terminal Ave in Nanaimo: Na Old City Retail for lease : MLS®# 924686
    Photo 2 of 6
  • Photo 3: 111 Terminal Ave in Nanaimo: Na Old City Retail for lease : MLS®# 924686
    Photo 3 of 6
  • Photo 4: 111 Terminal Ave in Nanaimo: Na Old City Retail for lease : MLS®# 924686
    Photo 4 of 6
  • Photo 5: 111 Terminal Ave in Nanaimo: Na Old City Retail for lease : MLS®# 924686
    Photo 5 of 6
  • Photo 6: 111 Terminal Ave in Nanaimo: Na Old City Retail for lease : MLS®# 924686
    Photo 6 of 6
Listed by RE/MAX First Realty (PK)
Data was last updated May 30, 2023 at 10:05 AM (UTC)
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.