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Main Photo: 199 Fraser St in Nanaimo: Na Old City Business for sale : MLS®# 1031464
Photo 1: 199 Fraser St in Nanaimo: Na Old City Business for sale : MLS®# 1031464
Photo 2: 199 Fraser St in Nanaimo: Na Old City Business for sale : MLS®# 1031464
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1031464
Massive under utilized building with iconic family run restaurant. Located in Nanaimo with over 35 years in business with loyal customer base. 120 seats plus extended patio. Liquor license and full commercial kitchen and equipment to handle high volume catering. Winner of numerous awards and featured on TV shows, and various vlogs. Brand new roof and environmental report completed. The original owners are ready to retire. Turn key operation with plenty of upside potential. Lots of redevelopment in the area. Please do not approach staff. Attractive vendor financing available. This property must be purchased in conjunction with the neighbouring property at 175 Fraser St.
Property Type:
Commercial Sale
Type:
Business
Commercial Type:
Building, Business, Land
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
10,724 sq. ft.
Taxes:
Ceiling Heights:
Total Building Area:
10,600 sq. ft.
Commercial Area:
Subdivisable Area:
Yes
Fireplace:
No
Pending Date:
Equip/Machinery, Fixtures, Goodwill, Leasehold Improvements, Real Estate, Supplies, Trade Name(s), See Remarks
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
Units in Building:
Units in Community:
Occupancy:
Owner
Lot Site Features:
Central Location
Business Type:
Restaurant/Bar
Total Units:
Date Listed:
Apr 09, 2026
Original Price:
1050000.0
  • Photo 1: 199 Fraser St in Nanaimo: Na Old City Business for sale : MLS®# 1031464
    Photo 1 of 2
  • Photo 2: 199 Fraser St in Nanaimo: Na Old City Business for sale : MLS®# 1031464
    Photo 2 of 2
Listed by Sutton Group West Coast Realty
Data was last updated April 10, 2026 at 10:05 PM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$750,000
Min list price:
$23
Max list price:
$2,850,000
Avg days on market:
142
Min days on market:
1
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.
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.