House For Rent In Victoria Bc
507 Milton St
Na Old City
Nanaimo
V9R 2L2
$15,900,000
Commercial Sale
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1042962
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An opportunity to acquire freehold interest in a mixed use residential/retail rental complex centrally located in Nanaimo. Completed in 2024, the complex is comprised of 25 large townhouse units all with exterior entrances, individual hot water tanks, dishwashers and laundry rooms, as well as 3 commercial CRU’s over three buildings. The property is currently fully rented but built to strata specification, and the potential exists to stratify and sell the individual units separately in the future.The complex benefits from a partial property tax exemption until 2033. This is a rare opportunity to buy a newer rental asset with stable holding income and future strata sale potential.
- Property Type:
- Commercial Sale
- Type:
- Mixed Use
- Commercial Type:
- Building
- Lease Type:
- Sale of Assets, Sale Of Shares, Sale Price
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- Na Old City, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 0.664 acre(s)0.27 hectare(s)
- Taxes:
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- Number of Storeys:
- 3
- Ceiling Heights:
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- Total Building Area:
- 28,797 sq. ft.2,675 m2
- Leasable Area:
- 2,825 sq. ft.262 m2
- Commercial Area:
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- Fireplace:
- No
- Pending Date:
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- 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:
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- Association Fee Frequency:
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- Jurisdiction name:
- City of Nanaimo
- Legal Description:
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- Parking Features:
- On Site
- Total Units:
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- Date Listed:
- Jul 10, 2026
- Original Price:
- 1.59E7
Larger map options:
Listed by NAI Commercial (Victoria) Inc.
Data was last updated July 21, 2026 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 26
- Avg list price:
- $867,450
- Min list price:
- $99,000
- Max list price:
- $15,900,000
- Avg days on market:
- 103
- Min days on market:
- 7
- Max days on market:
- 785
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.
- BCHOMEGROUP.CA
- Exp Realty Inc
- 1-778-401-9545
- Contact by Email
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.
