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Listed by Erin Glazier NAI Commercial (Victoria) Inc.
$ 15,900,000
Est. payment /mo
New
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 No
Garage No
Others
Ownership Freehold