- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1017869
- Photos (10)
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COMMERCIAL - RESIDENTIAL MIXED USE DEVELOPMENT SITE OFFERED WELL BELOW ASSESSED VALUE - Commercial, Residential, multi-family, live/work, mixed use development property located in a commercial and residential area of the Old City quarter ready for your development ideas. Newly constructed neighbouring townhome development with a commercial component on the ground floor has enhanced the neighbourhood creating a close knit community vibe suitable for young professionals, families, university students and seniors. The site is zoned DT11 providing for personal services, professional offices, multi-family, duplexes, townhomes, residential low scale development up to 3 stories with minimal setback requirements. The location is prime for ease of accessibility to VIU or downtown via walking, bike, driving or public transportation. Environmental issues noted with the soil therefore buyers MUST do their own due diligence regarding environmental concerns and remediation. PROPERTY SOLD AS IS.
- Property Type:
- Commercial Sale
- Type:
- Unimproved Land
- Commercial Type:
- Land
- Lease Type:
- Sale Price
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- Na Old City, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 0.674 acre(s)
- Taxes:
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- Pending Date:
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- Real Estate
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Utilities:
- Cable Available, Compost, Electricity Available, Garbage, Natural Gas Available, Phone Available
- Parking Features:
- On Site
- Total Parking Spaces:
- 50
- Road Frontage Type:
- Street
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Oct 16, 2025
- Original Price:
- 650000.0
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Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated March 3, 2026 at 12:05 PM (UTC)
Area Statistics
- Listings on market:
- 26
- Avg list price:
- $715,000
- Min list price:
- $23
- Max list price:
- $2,850,000
- Avg days on market:
- 138
- Min days on market:
- 2
- Max days on market:
- 678
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. This data is not produced by
the MLS® system.
- DEANA BAUMEL PREC
- RE/MAX PROFESSIONALS
- 250-619-1220
- Deana@NanaimoPropertyGroup.ca
- MICHAEL PETERSON PREC
- RE/MAX PROFESSIONALS
- 250-756-7653
- Michael@NanaimoPropertyGroup.ca