Luxury Victoria Waterfront Listings
931 Crace St
Na Old City
Nanaimo
V9R 2T4
$2,700,000
Commercial Sale
built: 1928
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1012926
- Year Built:
- 1928
- Photos (28)
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Well-maintained 10-unit rental apartment building at the edge of Nanaimo’s harbour and downtown core. Located at 931 Crace Street, the property offers immediate access to Port Place Mall and the new Hullo foot passenger ferry with 70-minute service to downtown Vancouver. The unit mix includes 7 one-bedroom units, 2 two-bedroom, and 1 three-bedroom. This unique character building is being offered at a strong cap rate although there is still significant upside potential upon tenant turnover. Situated in a growing, gentrifying neighbourhood, this is an excellent opportunity to acquire a solid income property with long-term growth potential. More information available.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Year built:
- 1928 (Age: 97)
- Lease Type:
- Sale of Assets
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- Na Old City, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 12,936 sq. ft.1,202 m2
- Taxes:
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- Building Features:
- Basement, Bike Storage, Laundry Room, Parking, Shopping Nearby, Transit Nearby
- Construction:
- Stucco
- Foundation:
- Concrete Perimeter
- Ceiling Heights:
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- Total Building Area:
- 9,637 sq. ft.895 m2
- Commercial Area:
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- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Heating:
- Baseboard, Electric
- Fireplace:
- No
- Pending Date:
- Signup
- City, Mountain(s), Ocean
- 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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- Lot Site Features:
- Central Location, Easy Access, Marina Nearby, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk
- Parking Features:
- On Site
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Sep 03, 2025
- Original Price:
- 2700000.0
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Ocean View Unit
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Ocean View Unit
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Typical Kitchen
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Renovated Kitchen
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Walk out unit
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Listed by Royal LePage Nanaimo Realty (NanIsHwyN)
Data was last updated September 6, 2025 at 07:30 AM (UTC)
Area Statistics
- Listings on market:
- 29
- Avg list price:
- $680,000
- Min list price:
- $55,000
- Max list price:
- $3,750,000
- Avg days on market:
- 128
- Min days on market:
- 3
- Max days on market:
- 500
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.
- BC HOME GROUP
- 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.