- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1027940
- Year Built:
- 1928
- Photos (20)
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5.53% CAP RATE. 10-unit rental apartment building plus 3 storage rental units at the edge of Nanaimo's harbour and downtown core. An opportunity to acquire a well-maintained property in one of Nanaimo's growing and gentrifying neighborhoods, with significant upside in the existing rents. The location of 931 Crace Street provides immediate access to Port Place Mall; as well as the new Hullo foot passenger ferry connecting downtown Vancouver and Nanaimo in only 70-minutes. Mix of 8 one-bedroom units, 1 two-bedroom unit, and 1 three-bedroom unit. Below market rents providing the purchaser with great upside opportunity upon tenant turnover. Contact Listing Agents for more information
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Year built:
- 1928 (Age: 98)
- Lease Type:
- Sale Price
- Listing General Location:
- Na Old City, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 12,936 sq. ft.
- Taxes:
- $10,053.19 / 2025
- Commercial Area:
- Not Applicable
- Fireplace:
- No
- Main Level
- 0
- Yes
- No
- Unrestricted
- Assessed:
- 1455000.0
- Assessment year:
- 2026
- Jurisdiction name:
- City of Nanaimo
- Legal Description:
- LOT 9, BLOCK 8, PLAN VIP584, PARTN1/2, SECTION 1, NANAIMO LAND DISTRICT THE NORTHERLY 1/2 OF LOT 9, BLOCK 8, SECTION 1, NANAIMO DISTRICT, PLAN 584 PID 008-827-711 & 008-827-702
- Zoning:
- R8
- Units in Building:
- 10
- Occupancy:
- Tenant
- Parking Features:
- On Site
- Road Surface Type:
- Paved
- Total Units:
- 10
- Date Listed:
- Mar 04, 2026
- Original Price:
- 2500000.0
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Listed by Colliers International (Nan)
Data was last updated March 8, 2026 at 04:05 AM (UTC)
Area Statistics
- Listings on market:
- 27
- Avg list price:
- $750,000
- Min list price:
- $23
- Max list price:
- $2,850,000
- Avg days on market:
- 143
- Min days on market:
- 4
- Max days on market:
- 683
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.
- KRISTIE HAZ
- EXP REALTY
- 1 (250) 8830477
- Contact by Email
KRISTIE HAZ
Personal Real Estate Corporation
Location
Vancouver Island, BC
