ACT FAST – PRICED UNDER ASSESSED VALUE with a 6%+ CAP RATE! This fully leased, mixed-use property near Downtown Victoria delivers immediate income and long-term upside. Located at the high-traffic intersection of Quadra and Tolmie, the building features a 2,590 sq ft ground-floor commercial space leased to Arctic Spas, showcasing a dynamic showroom. The upper floors include one 1-bedroom and two 2-bedroom residential units, plus a top-floor 2-bedroom + den penthouse with a rooftop patio and city views. Major upgrades were completed in 2019, with additional updates to residential units recently. Offered below assessed value, this is a rare opportunity to secure a high-exposure, fully tenanted asset in a sought-after market. Updated appraisal and full financials available for qualified buyers upon signing a confidentiality agreement. Opportunities like this are rare—contact the listing agent today! Please respect tenant privacy—do not disturb.More details
PRICED TO SELL! Exceptional opportunity to acquire two contiguous parcels totaling over 15,000 sq. ft. in the heart of Downtown Nanaimo with DT5 zoning supporting mixed-use and higher-density development. The building offers approx. 3,092 sq. ft. of improved space, including 2,192 sq. ft. on the main floor and 900 sq. ft. in the basement. The main level features three 2-piece washrooms, a lounge with custom bar, kitchen and cabinetry, and a two-tier dining area. The basement includes two offices, a 2-piece washroom, storage rooms, and utility/crawlspace. Exterior features include a 408 sq. ft. front deck with pergola and 304 sq. ft. side deck, while the adjoining lot provides gravel parking or expansion potential. Ideal to rebuild a restaurant or reimagine for medical, dental, veterinary, or professional use—all in a walkable, transit-connected downtown location steps from the waterfront. Contact listing agent for more details.More details
An exceptional opportunity to own a multi-use income property offering the best of both worlds-steady residential income and flexible commercial potential. The building is comprised of three commercial units, one storage unit, and a well-appointed two-bedroom residential suite currently leased to a long-term tenant at $1,400/month. With the balance of the property delivered vacant at completion, new ownership has the freedom to hand-select tenants, reposition for higher returns, or occupy part of the building while generating rental income. Ideally suited for investors and owner-operators alike, this property combines income security with a rare chance to shape its future potential. Discover the versatility and upside-contact the listing agent today.More details