Victoria BC Cheapest Beach Homes
300 S Terminal Ave
Na Old City
Nanaimo
V9R 5C8
$499,000
Commercial Sale
built: 1954
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1024752
- Year Built:
- 1954
- Photos (12)
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Investor alert! Well maintained commercial revenue building & property in Nanaimo, one of Canada's top rated cities.
Located on Terminal Ave, this high viz building offers strong exposure and a central position adjacent to a large parkade in the historic downtown core. The building provides approximately 3,600 sq ft over two levels, each with a separate entrance, offering excellent flexibility for investors or owner occupiers. An owner could utilize part of the upper floor while maintaining rental income from the ground floor and remaining spaces. With steady income, long term equity potential, and Nanaimo's continued growth, this DT4 zoned building is attractively priced and represents one of the best value commercial opportunities in the downtown core area. Potential uses include office, retail, medical, restaurant, studio, service, and other commercial applications (subject to city approval) All measurements and permitted uses to be verified by the buyer if deemed important.
- Property Type:
- Commercial Sale
- Type:
- Mixed Use
- Commercial Type:
- Building
- Year built:
- 1954 (Age: 72)
- Lease Type:
- See Remarks
- 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:
- 2,007 sq. ft.186 m2
- Taxes:
- Signup
- Building Features:
- High Traffic Area, Kitchen/Staff Room, Leasehold Improvements, Shopping Nearby, Transit Nearby, Visual Exposure, See Remarks
- Construction:
- Frame Metal, Insulation All, Steel and Concrete, Stucco, Wood
- New Construction:
- No
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Number of Storeys:
- 2
- Ceiling Heights:
- Signup
- Floor finish:
- Mixed
- Total Building Area:
- 3,100 sq. ft.288 m2
- Total Potential Area:
- 3,144 sq. ft.292 m2
- Leasable Area:
- 3,100 sq. ft.288 m2
- Commercial Area:
- Signup
- Subdivisable Area:
- Yes
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- Air Conditioning, HVAC
- Heating:
- Electric, Heat Pump
- Fireplace:
- No
- Pending Date:
- Signup
- Leasehold Improvements, Real Estate
- Display Window, Low Maintenance Yard, Security System, Sign: Allowed, Sign: Dir Brd, Storefront, See Remarks
- City
- 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:
- Signup
- Units in Building:
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- Units in Community:
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- Other Equipment:
- Other Improvements
- Occupancy:
- Vacant
- Property Condition:
- Updated/Remodeled
- Utilities:
- Cable Available, Electricity Available, Electricity Connected, Garbage, Natural Gas Available, Phone Available
- Lot Site Features:
- Central Location, Marina Nearby, Serviced, Shopping Nearby, Sidewalk, See Remarks
- Parking Features:
- On Site
- Road Frontage Type:
- Highway, Other
- Total Units:
- Signup
- Date Listed:
- Jan 27, 2026
- Original Price:
- 499000.0
Larger map options:
Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated February 18, 2026 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 26
- Avg list price:
- $715,000
- Min list price:
- $23
- Max list price:
- $2,850,000
- Avg days on market:
- 125
- Min days on market:
- 8
- Max days on market:
- 665
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.
