28,797 sqft

$15,900,000

507 Milton St, Nanaimo BC, V9R 2L2

Price per sqftC$552.14

Property size28,797 sqft

Property typeCommercial

Courtesy of NAI Commercial (Victoria) Inc.

Overview

Active

Listed Jul 10, 2026

Updated Jul 11

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.

Additional information

MLS^® ID: 1042962

Interior Features

Basement: No

Exterior Features

Lot Size: 0.66 Acres

Courtesy of NAI Commercial (Victoria) Inc., Erin Glazier

Listing Contact: 250-415-5690

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