- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1046970
- Photos (8)
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Brand-new pair fourplex on a quiet no-through street in North Nanaimo, one block from Woodgrove Centre. Two R5-zoned lots (42,546 sf combined) each hold a new 4-unit building — 8 self-contained 2-bed/2-bath suites, individually metered, with quartz counters, heat pumps, and radon mitigation. Built by Alair Homes, designed by Carma Design Group, Step Code 3. Steps from Home Depot, Real Canadian Superstore, and quick access to the Nanaimo Parkway, with noise-mitigating fencing keeping the site quiet. Nanaimo's rental vacancy sits at just 2.9%, with new supply down 40% year-over-year — a landlord's market. Projected market rent $2,750/unit/month; stabilized NOI $196,458; Full appraisal, drawings, and subdivision plan available on request.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building
- Lease Type:
- See Remarks
- Listing General Location:
- Na Pleasant Valley, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 0 sq. ft.
- Taxes:
- $7,207 / 2025
- Construction:
- Insulation All, Vinyl Siding, Wood
- Foundation:
- Concrete Perimeter
- Floor finish:
- Carpet, Mixed
- Total Building Area:
- 3,460 sq. ft.
- Commercial Area:
- Other
- Water supply:
- Municipal
- Sewer:
- Sewer Available
- Cooling:
- None
- Heating:
- Heat Pump
- Fireplace:
- No
- Main Level
- 0
- Yes
- No
- Unrestricted
- Assessed:
- 430000.0
- Assessment year:
- 2026
- Jurisdiction name:
- City of Nanaimo
- Legal Description:
- Proposed Lots 1 & 2 of: Lot 65, Section 8, Wellington, District, Plan 24916 (PID: 002-835-151)
- Lot Site Features:
- Central Location, Easy Access, Private, Quiet Area, Shopping Nearby
- Parking Features:
- On Site
- Total Units:
- 4
- Date Listed:
- Aug 14, 2026
- Original Price:
- 4135000.0
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proposed building -
proposed building
-
proposed building
-
Not exact layout, same colour scheme (no fireplace)
-
Not exact layout, same colour scheme (no fireplace)
-
Not exact layout, same colour scheme
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Not exact layout, same colour scheme
-
Not exact layout, same colour scheme
Data was last updated August 14, 2026 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 101
- Avg list price:
- $1,235,000
- Min list price:
- $46,900
- Max list price:
- $25,000,000
- Avg days on market:
- 85
- Min days on market:
- 3
- Max days on market:
- 809
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- Cody Dreger
- Nanaimo
- 250-591-4601
- Contact by Email
- Dustin Layzell
- Nanaimo
- 250-591-4601