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Main Photo: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
Photo 1: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
Photo 2: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
Photo 3: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
Photo 4: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
Photo 5: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
Photo 6: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
Photo 7: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
996780
Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story "missing middle" housing project. Plans include four 1-bedroom and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
9,405 sq. ft.
Taxes:
Construction:
Frame Wood, Insulation: Ceiling, Insulation: Walls, Wood
Foundation:
Concrete Perimeter
Ceiling Heights:
Floor finish:
Laminate, Linoleum
Total Building Area:
3,183 sq. ft.
Commercial Area:
Heating:
Electric
Fireplace:
No
Pending Date:
Fencing: Partial
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
R15
Units in Building:
Units in Community:
Parking Features:
On Site
Total Units:
Date Listed:
May 01, 2025
Original Price:
799000.0
  • Photo 1: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
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  • Photo 2: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
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  • Photo 3: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
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  • Photo 4: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
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  • Photo 5: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
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  • Photo 6: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
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  • Photo 7: 880 Hecate St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 996780
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Listed by RE/MAX of Nanaimo
Data was last updated May 15, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
32
Avg list price:
$845,000
Min list price:
$59,500
Max list price:
$3,750,000
Avg days on market:
67
Min days on market:
7
Max days on market:
386
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.

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