- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1042858
- Photos (43)
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Exceptional investment opportunity featuring a meticulously maintained 10-unit rental building constructed in 2019. The property generates more than $12,000 per month plus utilities, with a projected cap rate of approximately 4.5%–5%. Ideally located near transit, ferries, sea plane service, shopping centres, schools, parks, churches, and other essential amenities. Building maintains 100% occupancy, supported by an ongoing tenant wait-list that reflects the strong demand for rental housing in this location. Professionally managed and exceptionally clean, the property benefits from a stable roster of responsible tenants and offers a straightforward, low-maintenance investment. With the seller preparing for retirement, attractive vendor-financing options may also be available. Whether expanding an established portfolio or entering the multifamily rental market, this property offers reliable income, modern construction, strong tenant demand, and excellent long-term investment potential.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Lease Type:
- Sale of Assets
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- Na Central Nanaimo, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 6,623 sq. ft.
- Taxes:
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- Construction:
- Vinyl Siding
- Foundation:
- Concrete Perimeter, Slab
- Electricity:
- Yes
- Ceiling Heights:
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- Floor finish:
- Carpet
- Total Building Area:
- 6,000 sq. ft.
- Commercial Area:
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- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Heating:
- Baseboard
- Fireplace:
- No
- Pending Date:
- Signup
- City, Mountain(s)
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- City of Nanaimo
- Legal Description:
- Signup
- Utilities:
- Cable Connected, Electricity Connected, Phone Available
- Lot Site Features:
- Easy Access, Family-Oriented Neighbourhood, Recreation Nearby, Shopping Nearby
- Parking Features:
- On Site
- Total Units:
- Signup
- Date Listed:
- Jul 16, 2026
- Original Price:
- 2490000.0
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Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated July 18, 2026 at 12:05 PM (UTC)
Area Statistics
- Listings on market:
- 18
- Avg list price:
- $1,150,000
- Min list price:
- $475,000
- Max list price:
- $5,999,900
- Avg days on market:
- 95
- Min days on market:
- 2
- Max days on market:
- 234
These statistics are generated based on the current listing's property type
and located in
Na Central Nanaimo. 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
