UPLANDS AREA LISTINGS

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23 4800 N Island Hwy
Na Uplands Nanaimo V9T 1W6

$447,000
Commercial Sale built: 1994

Main Photo: 23 4800 N Island Hwy in Nanaimo: Na Uplands Office for sale : MLS®# 1011762
Photo 1: 23 4800 N Island Hwy in Nanaimo: Na Uplands Office for sale : MLS®# 1011762
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1011762
Year Built:
1994
Strata Office for Sale! An excellent opportunity for investors—this 1,244 sq ft fully finished office unit is located in a high-quality, professional complex. The second-level walk-up space is thoughtfully designed and includes multiple private offices, a boardroom, staff kitchen, and a welcoming reception area. A strong professional tenant is already in place for the next two years, providing secure income and stability. The location offers outstanding highway exposure, easy access, ample on-site parking, and premium signage opportunities. Centrally positioned in North Nanaimo, the property is close to major banks, shopping, and both highway routes. As a bonus, the complex backs onto a tranquil lake—ideal for a refreshing stroll or swim during work breaks. Plus GST.
Property Type:
Commercial Sale
Type:
Office
Commercial Type:
Building
Year built:
1994 (Age: 32)
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Uplands, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
1,415 sq. ft.
Taxes:
Construction:
Frame Wood, Insulation All, Stucco
Number of Storeys:
2
Ceiling Heights:
Floor finish:
Mixed
Total Building Area:
1,244 sq. ft.
Leasable Area:
1,244 sq. ft.
Commercial Area:
Heating:
Baseboard, Electric
Fireplace:
No
Pending Date:
Sign: Allowed, Sign: Pylon
Main Level
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:
Association Fee Year:
2022
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
COR3
Units in Building:
Units in Community:
Occupancy:
Partially Occupied
Lot Site Features:
Central Location, Serviced, Shopping Nearby
Parking Features:
On Site
Road Frontage Type:
Highway, Street
Road Surface Type:
Paved
Total Units:
Date Listed:
Aug 21, 2025
Original Price:
447000.0
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Listed by Pemberton Holmes Ltd. (Pkvl)
Data was last updated February 2, 2026 at 10:05 AM (UTC)
Area Statistics
Listings on market:
92
Avg list price:
$962,000
Min list price:
$23
Max list price:
$25,000,000
Avg days on market:
110
Min days on market:
5
Max days on market:
649
These statistics are generated based on the current listing's property type and located in Nanaimo. Average values are derived using median calculations. This data is not produced by the MLS® system.
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.