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51 Commercial St
Na Old City Nanaimo V9R 5G3

$950,000
Commercial Sale built: 1901

Main Photo: 51 Commercial St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 912153
Photo 1: 51 Commercial St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 912153
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
912153
Year Built:
1901
Welcome to a prime downtown location in Nanaimo. Featuring approximately 3,000 square feet of long term term tenanted retail commercial space on the bottom level plus over 2100 square feet of apartment space above. Located across from Nanaimo Convention Centre & the new Marriott Hotel currently under construction. Load bays and parking are accessed off Terminal Ave. Upstairs is a modern apartment which includes 3 bedrooms plus Den, or configure how you want. Also included are 2 bathrooms, a spacious living area & updated kitchen with gas stove, large laundry room and a back deck that basks in southern exposure. Stairs lead down to the back parking lot area and back door access to the retail space downstairs. All downtown amenities are walking distance away! Sq Ft of lower level retail area is approximate - verify if important.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Year built:
1901 (Age: 121)
Lease Type:
Sale Price
Existing Lease Expiry:
Aug 31, 2027
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
5,430.038 sq. ft.
Taxes:
$13,369.44 / 2021
Building Features:
Kitchen/Staff Room, Leasehold Improvements, Shopping Nearby, Transit Nearby, Visual Exposure
Number of Storeys:
2
Total Building Area:
5,200 sq. ft.
Commercial Area:
Downtown
Water supply:
Municipal
Sewer:
Sewer Connected
Fireplace:
No
Parking
Sign: Allowed, Storefront
Main Level
0
Yes
No
Unrestricted
Assessed:
830000.0
Assessment year:
2022
Jurisdiction name:
City of Nanaimo
Legal Description:
Parcel A, Lot 5, Block 63, Plan VIP584, Nanaimo Land District, (DD 21534N); & OF LOT 6; SITUATE IN COMMERCIAL INLET IN THE BED OF THE PUBLIC HARBOUR OF NANAIMO, EXC THAT PT OF LOT 6 SHOWIN OUTLINED IN RED ON PL VIP166R
Zoning:
DT1
Units in Building:
1
Occupancy:
Tenant
Lot Site Features:
Level, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk, Southern Exposure
Parking Features:
On Site
Total Parking Spaces:
4
Business Type:
Retail
Total Units:
2
Date Listed:
Aug 19, 2022
Original Price:
950000.0
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Data was last updated October 7, 2022 at 07:30 AM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$900,000
Min list price:
$129,900
Max list price:
$4,980,000
Avg days on market:
131
Min days on market:
4
Max days on market:
248
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations.
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.