Excellent opportunity to acquire a well-maintained downtown commercial revenue cashflow property with large 2-level building in Nanaimo, one of Canada's top-rated cities. Located on Terminal Avenue highway, this high traffic-count and good-visibility building offers strong exposure and a central city core position adjacent to a large Parkade for plenty of parking, just below the Bastion Street Bridge in the historic downtown old city center core. The property provides approximately 3,600 sq. ft. over two levels, each with a private separate entrance, offering excellent flexibility for investors or owner-occupiers wishing to max out their cashflow position. An owner could utilize part of the upper floor while maintaining rental income from the ground floor and remaining space(s). 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 for a ROI hold. Potential uses include office, retail, medical, restaurant, studio, service, and other commercial applications(subject to city approval). A11 measurements and permitted uses to be verified by the Buyer with the City of Nanaimo if deemed important. 24/hrs notice for showings
Address
300 Terminal Ave S
List Price
$499,000
Property Type
Commercial Sale
Type of Dwelling
Mixed Use
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Old City
Lot Size
2007 Sq. Ft.
Lot Size (Acres)
0.05 Ac.
Year Built
1954
MLS® Number
1024752
Listing Brokerage
Sutton Group-West Coast Realty (Nan)
Postal Code
V9R 5C8
Tax Amount
$11,448.45
Tax Year
2025
Features
Electric, Heat Pump, Mixed, Other Improvements
Amenities
Central Location, Display Window, Low Maintenance Yard, Marina Nearby, Security System, See Remarks, See Remarks, Serviced, Shopping Nearby, Sidewalk, Sign: Allowed, Sign: Dir Brd, Storefront