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Victoria All Real Estate and Homes for Sale $400K-$500K

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Main Photo: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 1: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 2: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 3: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 4: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 5: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 6: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 7: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 8: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 9: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 10: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 11: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 12: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 13: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 14: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 15: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1042962
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:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.664 acre(s)
Taxes:
Number of Storeys:
3
Ceiling Heights:
Total Building Area:
28,797 sq. ft.
Leasable Area:
2,825 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
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:
Units in Building:
Units in Community:
Parking Features:
On Site
Total Units:
Date Listed:
Jul 10, 2026
Original Price:
1.59E7
  • Photo 1: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
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Listed by NAI Commercial (Victoria) Inc.
Data was last updated July 17, 2026 at 04:05 AM (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:
98
Min days on market:
2
Max days on market:
780
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.
Victoria All Real Estate and Homes for Sale $400K-$500K

Shirin Purewal is a real estate agent located in Vancouver, Canada. She will help you throughout the process to find the house or the condo of your dreams.
For all the people who want to live in Victoria All Real Estate and Homes for Sale $400K-$500K, this is the page where you will be able to find the necessary options. Especially in today's environment of local government intervention in the home market, there are many potential pitfalls to avoid during the home buying process and many complex legal and tax issues to avoid.

Working with knowledgeable and experienced realtors is essential, the advice and guidance they provide is invaluable, so start now with us.

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.