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Dylon Paul

dylon@dylonpaul.ca +1(250) 650-9019

Listing by Erin Glazier NAI Commercial (Victoria) Inc.

$ 15,900,000

Est. payment -/mo

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Active

507 Milton St Nanaimo, BC V9R 2L2

28,797 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 28,797 sqft

Price per Sqft $552

MLS Listing ID 1042962

HOA Y/N No

Tax Year 2026

Lot Size 0.660 Acres

Acres 0.66

Property Sub-Type Mixed Use

Property Description

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.

Location

Province BC

County Nanaimo, City Of

Community Na Old City

Area Nanaimo

Interior

Fireplace No

Exterior

Parking Features On Site

View Y/N false

Garage No

Others

Ownership Freehold

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.”

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