Multi-Family Properties for Sale on Mid-Island Vancouver Island
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1027940
- Year Built:
- 1928
- Photos (20)
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5.53% CAP RATE. 10-unit rental apartment building plus 3 storage rental units at the edge of Nanaimo's harbour and downtown core. An opportunity to acquire a well-maintained property in one of Nanaimo's growing and gentrifying neighborhoods, with significant upside in the existing rents. The location of 931 Crace Street provides immediate access to Port Place Mall; as well as the new Hullo foot passenger ferry connecting downtown Vancouver and Nanaimo in only 70-minutes. Mix of 8 one-bedroom units, 1 two-bedroom unit, and 1 three-bedroom unit. Below market rents providing the purchaser with great upside opportunity upon tenant turnover. Contact Listing Agents for more information
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Year built:
- 1928 (Age: 98)
- Lease Type:
- Sale Price
- Listing General Location:
- Na Old City, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 12,936 sq. ft.
- Taxes:
- $10,053.19 / 2025
- Total Building Area:
- 9,637 sq. ft.
- Commercial Area:
- Not Applicable
- Fireplace:
- No
- Main Level
- 0
- Yes
- No
- Unrestricted
- Assessed:
- 1455000.0
- Assessment year:
- 2026
- Jurisdiction name:
- City of Nanaimo
- Legal Description:
- LOT 9, BLOCK 8, PLAN VIP584, PARTN1/2, SECTION 1, NANAIMO LAND DISTRICT THE NORTHERLY 1/2 OF LOT 9, BLOCK 8, SECTION 1, NANAIMO DISTRICT, PLAN 584 PID 008-827-711 & 008-827-702
- Zoning:
- R8
- Units in Building:
- 10
- Occupancy:
- Tenant
- Parking Features:
- On Site
- Road Surface Type:
- Paved
- Total Units:
- 10
- Date Listed:
- Mar 04, 2026
- Original Price:
- 2500000.0
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Listed by Colliers International (Nan)
Data was last updated March 30, 2026 at 12:05 PM (UTC)
- ROSHAN SINGH
- 460 COMMERCIAL
- 1 (250) 2804800
- rsingh@460commercial.com
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Mid-Island Commercial is a personal marketing brand and website owned and operated by Roshan Singh, CFA
Roshan is a licensed real estate professional in British Columbia.
All buyer and seller representation is conducted through 460 Commercial Inc., the related brokerage.
Address: 1551 Estevan Rd #2, Nanaimo, BC V9S 5L8.
460 Commercial provides commercial real estate, leasing, and property management services to the Central Island region.