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300 S Terminal Ave
Na Old City Nanaimo V9R 5C8

$499,000
Commercial Sale built: 1954

Main Photo: 300 S Terminal Ave in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1024752
Photo 1: 300 S Terminal Ave in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1024752
Photo 2: 300 S Terminal Ave in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1024752
Photo 3: 300 S Terminal Ave in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1024752
Photo 4: 300 S Terminal Ave in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1024752
Photo 5: 300 S Terminal Ave in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1024752
Photo 6: 300 S Terminal Ave in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1024752
Photo 7: 300 S Terminal Ave in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1024752
Photo 8: 300 S Terminal Ave in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1024752
Photo 9: 300 S Terminal Ave in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1024752
Photo 10: 300 S Terminal Ave in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1024752
Photo 11: 300 S Terminal Ave in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1024752
Photo 12: 300 S Terminal Ave in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1024752
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1024752
Year Built:
1954
Investor alert! Well maintained commercial revenue building & property in Nanaimo, one of Canada's top rated cities. Located on Terminal Ave, this high viz building offers strong exposure and a central position adjacent to a large parkade in the historic downtown core. The building provides approximately 3,600 sq ft over two levels, each with a separate entrance, offering excellent flexibility for investors or owner occupiers. An owner could utilize part of the upper floor while maintaining rental income from the ground floor and remaining spaces. With steady income, long term equity potential, and Nanaimo's continued growth, this DT4 zoned building is attractively priced and represents one of the best value commercial opportunities in the downtown core area. Potential uses include office, retail, medical, restaurant, studio, service, and other commercial applications (subject to city approval) All measurements and permitted uses to be verified by the buyer if deemed important.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building
Year built:
1954 (Age: 72)
Lease Type:
See Remarks
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
2,007 sq. ft.
Taxes:
Building Features:
High Traffic Area, Kitchen/Staff Room, Leasehold Improvements, Shopping Nearby, Transit Nearby, Visual Exposure, See Remarks
Construction:
Frame Metal, Insulation All, Steel and Concrete, Stucco, Wood
New Construction:
No
Foundation:
Concrete Perimeter
Electricity:
Yes
Number of Storeys:
2
Ceiling Heights:
Floor finish:
Mixed
Total Building Area:
3,100 sq. ft.
Total Potential Area:
3,144 sq. ft.
Leasable Area:
3,100 sq. ft.
Commercial Area:
Subdivisable Area:
Yes
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
Air Conditioning, HVAC
Heating:
Electric, Heat Pump
Fireplace:
No
Pending Date:
Leasehold Improvements, Real Estate
Display Window, Low Maintenance Yard, Security System, Sign: Allowed, Sign: Dir Brd, Storefront, See Remarks
City
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:
Zoning:
DT4
Legal Non-Conformance:
Yes
Units in Building:
Units in Community:
Other Equipment:
Other Improvements
Occupancy:
Vacant
Property Condition:
Updated/Remodeled
Utilities:
Cable Available, Electricity Available, Electricity Connected, Garbage, Natural Gas Available, Phone Available
Lot Site Features:
Central Location, Marina Nearby, Serviced, Shopping Nearby, Sidewalk, See Remarks
Parking Features:
On Site
Road Frontage Type:
Highway, Other
Total Units:
Date Listed:
Jan 27, 2026
Original Price:
499000.0
  • Photo 1: 300 S Terminal Ave in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1024752
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Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated February 5, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
26
Avg list price:
$682,500
Min list price:
$23
Max list price:
$2,850,000
Avg days on market:
112
Min days on market:
6
Max days on market:
652
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.
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.