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.
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building, Land
Lease Type:
Sale Price
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
0 sq. ft.0 m2
Taxes:
$8,323 /
2025
Total Building Area:
6,276 sq. ft.583 m2
Leasable Area:
6,276 sq. ft.583 m2
Commercial Area:
Downtown
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
1493000.0
Assessment year:
2026
Jurisdiction name:
City of Nanaimo
Legal Description:
LT 1, BLK 32, SEC 1, NAN DIST, PL 584 & PID 003-693-750 THE EASTERLY 56 FT OF LT 2, BLK 32, SEC 1, NAN DIST, PL 584
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Listed by 460 Commercial Inc.
Data was last updated June 26, 2026 at 02:05 AM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$824,000
Min list price:
$99,000
Max list price:
$6,000,000
Avg days on market:
131
Min days on market:
7
Max days on market:
759
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.