houses for sale vancouver island .
#101-309 116 Prideaux St
Na Old City
Nanaimo
V9T 2T6
$6,000,000
Commercial Sale
built: 1981
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1039946
- Year Built:
- 1981
- Photos (39)
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Rare opportunity to acquire a fully occupied portfolio of 27 strata-titled condominium units under single ownership in the heart of Nanaimo. Unlike traditional apartment buildings, each unit has its own legal title and PID number, providing exceptional flexibility for future disposition, refinancing or continued operation as a rental portfolio. The property has benefited from ongoing capital improvements and features elevator service, storage lockers, on-site laundry facilities and separate hydro metering. Opportunities to acquire a multifamily asset of this scale with individually titled units are exceptionally rare on Vancouver Island. A compelling investment offering stable occupancy, proven income history and multiple avenues for future value creation. Financial information available to qualified purchasers upon execution of a Confidentiality Agreement.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Year built:
- 1981 (Age: 45)
- Lease Type:
- 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:
- 17,630 sq. ft.1,638 m2
- Taxes:
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- Building Features:
- Shopping Nearby, Visual Exposure
- Ceiling Heights:
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- Total Building Area:
- 21,000 sq. ft.1,951 m2
- Leasable Area:
- 21,000 sq. ft.1,951 m2
- Commercial Area:
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- Sewer:
- Sewer To Lot
- Fireplace:
- No
- Pending Date:
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- Balcony/Deck
- Other
- 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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- Utilities:
- Cable Connected
- Parking Features:
- On Site
- Total Parking Spaces:
- 24
- Total Units:
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- Date Listed:
- Jun 09, 2026
- Original Price:
- 6000000.0
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Larger map options:
Listed by eXp Realty (NA)
Data was last updated August 25, 2026 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 28
- Avg list price:
- $949,500
- Min list price:
- $120,000
- Max list price:
- $15,900,000
- Avg days on market:
- 100
- Min days on market:
- 14
- Max days on market:
- 623
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.
