Multi-Family Properties for Sale on Mid-Island Vancouver Island

Browse apartment buildings and income-producing residential assets suited for long-term investors and portfolio expansion.

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1-12/25
  • 4775 Uplands Dr in Nanaimo: Na North Nanaimo Multi Family for sale : MLS®# 1043976

    4775 Uplands Dr Na North Nanaimo Nanaimo V2C 6S9
    $25,000,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1043976
    Opportunity to acquire Chelsea at Longwood, the first of two brand new stratified multi family investment properties situated in the prestigious and award winning "Active adult" oriented Longwood Community in North Nanaimo adjacent to shopping, restaurants and medical services. The property is a 4 storey wood framed construction over one level of underground parking. The property is stratified as it was originally designed as a luxury condominium with large suites, condo quality finishes and air conditioning. Anticipated occupancy September 30, 2026. Display suite available for viewing. More details
    Listed by Century 21 Harbour Realty Ltd.
  • 275 Cypress St in Nanaimo: Na Brechin Hill Multi Family for sale : MLS®# 1043620

    275 Cypress St Na Brechin Hill Nanaimo V9S 5J9
    Main Photo: 275 Cypress St in Nanaimo: Na Brechin Hill Multi Family for sale : MLS®# 1043620
    $15,500,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1043620
    Cypress Garden Apartments 64 Suite Apartment Building with a well balanced suite mix featuring a unique 3750 sq ft Penthouse boasting breathtaking views. Situated in the Brechin Hill neighbourhood, located steps from the scenic seawall and within walking distance to downtown Nanaimo. This property offers investors the opportunity to acquire a large scale apartment building that has been privately owned and managed for over 35 years. Well maintained receiving numerous capital upgrades. Represents a rare opportunity to acquire a property of scale with strong cash flow potential in one of British Columbia's fastest growing municipalities. More details
    Listed by Century 21 Harbour Realty Ltd.
  • 2980 Lofthouse Rd in Cassidy: Na Cedar Multi Family for sale (Nanaimo) : MLS®# 1041982

    2980 Lofthouse Rd Na Cedar Cassidy V9X 1N6
    Main Photo: 2980 Lofthouse Rd in Cassidy: Na Cedar Multi Family for sale (Nanaimo)  : MLS®# 1041982
    $13,250,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1041982
    Exceptional 120 acre oceanfront estate, seamlessly connected to Cedar by the Sea in South Nanaimo. Strata titled with strong existing revenue & impressive development potential, zoning supports agriculture, equestrian, livestock, or vineyard ventures. Ideal for multigenerational living, a private retreat, or visionary investment, with potential to reinstate farm status for major tax savings. Includes 5 ocean view homes: 3 single family and 1 duplex on 1.2 acre titles, one with farm infrastructure. Each lot may add suites & carriage homes, offering up to 12 income streams. The crown jewel is a 23 acre oceanfront parcel with 754 ft of accessible shoreline, private driftwood beach, & sweeping Gulf Island views. Offered as a complete corporate sale with 5 titles & 95 acres of cleared common area suited for livestock or crops, just 10 minutes from Nanaimo’s full range of amenities. Don't miss this rare chance to own a stunning, irreplaceable piece of Vancouver Island’s untouched coastline. More details
    Listed by Engel & Volkers Vancouver Island North
  • #101-309 116 Prideaux St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1039946

    #101-309 116 Prideaux St Na Old City Nanaimo V9T 2T6
    Main Photo: #101-309 116 Prideaux St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1039946
    $6,000,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1039946
    Rare opportunity to acquire a fully occupied portfolio of 27 strata-titled condominium units under single ownership in the heart of Nanaimo. Unlike traditional apartment buildings, each unit has its own legal title and PID number, providing exceptional flexibility for future disposition, refinancing or continued operation as a rental portfolio. The property has benefited from ongoing capital improvements and features elevator service, storage lockers, on-site laundry facilities and separate hydro metering. Opportunities to acquire a multifamily asset of this scale with individually titled units are exceptionally rare on Vancouver Island. A compelling investment offering stable occupancy, proven income history and multiple avenues for future value creation. Financial information available to qualified purchasers upon execution of a Confidentiality Agreement. More details
    Listed by eXp Realty (NA)
  • 4571 Pemberton Rd in Port Alberni: PA Port Alberni Multi Family for sale : MLS®# 1036693

    4571 Pemberton Rd PA Port Alberni Port Alberni V9Y 5K2
    Main Photo: 4571 Pemberton Rd in Port Alberni: PA Port Alberni Multi Family for sale : MLS®# 1036693
    $5,990,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1036693
    Well-maintained 42-unit, 3-storey apartment building on a 63,597 sq. ft. lot in Port Alberni. Strong investment opportunity with significant upside potential as current rents are below market and vacancy remains extremely low at 1.5% (CMHC Oct. 2024). Major upgrades completed in 2018–2019 include exterior envelope improvements with HardiBoard siding, double thermal pane windows, vinyl-covered balconies, and new hot water boilers. Features include elevator service, electric baseboard heating with individually metered suites, 3-phase 1,600-amp electrical service, fire alarm system, on-site Coinamatic laundry, private balconies/patios, full municipal services, and SBS flat roof updates in 2025. Bonus bachelor suite (#100) rented at $825/month not included in stated income, offering additional revenue potential.Building area from BC Assessment. More details
    Listed by Royal LePage Coast Capital - Chatterton
  • 1252 9th St in Courtenay: CV Courtenay City Multi Family for sale (Comox Valley) : MLS®# 1026708

    1252 9th St CV Courtenay City Courtenay V9N 1P4
    Main Photo: 1252 9th St in Courtenay: CV Courtenay City Multi Family for sale (Comox Valley)  : MLS®# 1026708
    $4,340,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1026708
    FOR SALE! 1252 9th St is a 21-unit apartment building on the corner of 9th Street and Willemar Avenue with immediate access to 5th Street and the Courtenay downtown core. The impressive suite composition includes fouteen (14) large three-bedroom units, six (6) two bedroom units and one studio suite. Built in 1966 the Willow Arms Apartments offers spacious balconies/patios for each suite, on-site parking, tenant lockers, coin-operated laundry, heat and hot water included in the rent, and proximity to shopping, transit infrastructure and other local amenities. Moreover, the building is in a state of excellent repair and modernization thanks to very good property management. Upon tenant turnover, suites are renovated and modernized. The location is close to downtown but far enough away to offer a quiet residential environment. More details
    Listed by eXp Realty
  • 521 Windslow Rd in Comox: CV Comox (Town of) Multi Family for sale (Comox Valley) : MLS®# 1037882

    521 Windslow Rd CV Comox (Town of) Comox V9M 3T8
    Main Photo: 521 Windslow Rd in Comox: CV Comox (Town of) Multi Family for sale (Comox Valley)  : MLS®# 1037882
    $3,999,900
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1037882
    Rare 19 unit (13 apartments & 6 bungalows) in prime location at Kye Bay Beach on .85 acre! There are 3 bachelor units, 2 - 1 bedroom & 8 - 2 Bedroom floor plans in the apartment block and there are 6 - 2 bed Bungalows. All homes have a full 4 piece bath with tub & kitchens with wood overhead cabinets and either tiled or arborite counter tops. Nearly all units have recent paint with some trim replaced. 20 onsite parking spots. 0% Vacancy in premium location steps from Kye Bay Beach. Ample of upgrades done throughout including roofs, gutters, furnaces, electrical panels, exterior painting, roadwork and grounds work. C6-1 zoning offers tons of potential for future development and income opportunities. Good consistent income even with the below market rents with low cost of ownership. Opportunities like this don't come up very often, call today for a private showing! More details
    Listed by Remax Nyda Realty Inc
  • 700 Poplar St in Nanaimo: Na Brechin Hill Multi Family for sale : MLS®# 1029875

    700 Poplar St Na Brechin Hill Nanaimo V9S 2H6
    Main Photo: 700 Poplar St in Nanaimo: Na Brechin Hill Multi Family for sale : MLS®# 1029875
    $3,100,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1029875
    Well-maintained 14-unit apartment building in a prime central location offering strong in-place income with clear upside. The suite mix includes twelve spacious 1-bedroom units (approx. 700 sq ft) and two large 2-bedroom units (approx. 1,100 sq ft), many with ocean views. Ideally positioned close to all amenities with covered tenant parking beneath two levels of apartments. Significant recent capital improvements include new roof (2020), siding (2019) and building hot water tank (2025), plus four renovated units in the past 4 years. Built in 1964 on three separately titled city lots totaling over 19,000 sq ft and zoned R8, presenting future redevelopment or densification potential. Stable tenancy with long-term occupants and room to improve returns. Price is plus applicable GST. More details
    Listed by Royal LePage Nanaimo Realty (NanIsHwyN)
  • 1226 Lawlor Rd in Nanaimo: Na Chase River Multi Family for sale : MLS®# 1028268

    1226 Lawlor Rd Na Chase River Nanaimo V9R 6L6
    Main Photo: 1226 Lawlor Rd in Nanaimo: Na Chase River Multi Family for sale : MLS®# 1028268
    $2,800,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1028268
    Investment. and or redevelopment 1.7 ac. OCP designation of “Secondary Urban Center”. Encouraging a Mix of low-rise, mid-rise, and limited high-rise mixed-use or residential. 2 to 12 storeys with potential for limited additional height where community benefit is provided. Mobile Home park and RV Park with 2 homes, ideal for redevelopment, zoned R12. Great investment with future redevelopment potential. 14 Mobile home sites, 8 RV sites, and 3 park model rental sites. End of no through road, connected to city sewer and water. Flat site. Potential rent is much higher, with 7 sites currently not rented. Sale of land included the 2 homes and garage (1600 ft2 2 level character home rented out and used the mangers' office needs TLC, a 750 ft2 2-bedroom 1-bathroom detached cottage rented out and a 1500 ft2 storage building). Full package for details. Please do not visit the site without an appointment. All information must be verified by a potential buyer. More details
    Listed by Sutton Group-West Coast Realty (Nan)
  • 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 1042858

    571 Albert St Na Central Nanaimo Nanaimo V9R 2W1
    Main Photo: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 1042858
    $2,490,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1042858
    Exceptional investment opportunity featuring a meticulously maintained 10-unit rental building constructed in 2019. The property generates more than $12,000 per month plus utilities, with a projected cap rate of approximately 4.5%–5%. Ideally located near transit, ferries, sea plane service, shopping centres, schools, parks, churches, and other essential amenities. Building maintains 100% occupancy, supported by an ongoing tenant wait-list that reflects the strong demand for rental housing in this location. Professionally managed and exceptionally clean, the property benefits from a stable roster of responsible tenants and offers a straightforward, low-maintenance investment. With the seller preparing for retirement, attractive vendor-financing options may also be available. Whether expanding an established portfolio or entering the multifamily rental market, this property offers reliable income, modern construction, strong tenant demand, and excellent long-term investment potential. More details
    Listed by Sutton Group-West Coast Realty (Nan)
  • 260 Craig St in Nanaimo: Na University District Multi Family for sale : MLS®# 1021004

    260 Craig St Na University District Nanaimo V9R 3V5
    Main Photo: 260 Craig St in Nanaimo: Na University District Multi Family for sale : MLS®# 1021004
    $2,200,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1021004
    Colliers is pleased to offer for sale this 10-unit rental property featuring eight (8) 2-bed, 2-bath apartment units and two (2) 3-bed, 2-bath detached duplex units. Each unit has in-unit laundry, under-building parking and a spacious deck. The building has been well maintained with minimal immediate capital expenditures or renovations required, strong rental upside, spacious floorplans and ample on-site parking options. Recent capital upgrades include a new pitch roof (2024) and a modernized fire safety system (2024). The property is situated in immediate proximity to the Third Street and Fitzwilliam Street intersection, providing convenient access to both the Nanaimo Old City Corridor and the Nanaimo Parkway. For more information on this offering please connect with us More details
    Listed by Colliers International (Nan)
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  • 531 Kennedy St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1041190

    531 Kennedy St Na Old City Nanaimo V9R 2J6
    Main Photo: 531 Kennedy St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1041190
    $2,040,000
    Commercial Sale
    Status:
    Active
    MLS® Num:
    1041190
    Strict Schedule A compliance applies. Do not disturb tenants. Under no circumstances are property tours, photography, or structural inspections permitted without a minimum of 48 hours' written notice to the owners, in strict accordance with the BC Residential Tenancy Act. A Designated Agent must accompany prospective buyers during all structural or unit tours. Detailed financial statements, complete tenancy profiles, and underlying rent rolls will only be released to prospective purchasers or cooperating brokerages upon receipt of a completed, commercially reasonable Non-Disclosure Agreement (NDA) approved by the ownership. Cooperating commission split is 1.5% as per the listing contract More details
    Listed by NAI Commercial (Victoria) Inc.
1-12/25
Data was last updated August 3, 2026 at 02:05 PM (UTC)
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.