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Home > Properties > Property Details

Commercial Sale

$15,900,000
507 Milton St, Nanaimo, BC

Address

507 Milton St, Nanaimo, BC

Price

$15,900,000

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.

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Interested in this property?

Contact Scott Parker Personal Real Estate Corporation for more information

(250) 751-1223
scott@scottparker.ca
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Property Details

MLS® Number: 1042962
Property Type: Commercial Sale
Property Subtype: Mixed Use
Status: Active
Lot Size: 0.66 acres
Area: Nanaimo - Na Old City
Annual Tax: $0 (2026)
Days on Market: 2 days

Additional Property Details

Building Type: Commercial Mix

Parking & Land Details

Land Size: 0.66 ac
Acreage: false

Landscape & Property Information

Irregular Land Size: 0.66
Ownership Type: Freehold
Transaction Type: For sale

MLS® Number

1042962

Property Photos

Property Landing Page Open shareable magazine-style page

Property Location

507 Milton St, Nanaimo, BC

Listed by NAI Commercial (Victoria) Inc.

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