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$15,900,000
507 Milton St
Nanaimo, BC V9R 2L2
Nanaimo, BC V9R 2L2
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.
Property Details
MLS #:
1042962
ID #:
31752161
Type:
Commercial Sale
Sub-Type:
Mixed Use
Area:
Nanaimo
Sub-Area:
Na Old City
Status:
Active
Lot Size:
0.66 acres
Property Tax:
$0 (2026)
Days on Market:
57 days
Listing provided by NAI Commercial (Victoria) Inc.
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Contact Information
Alec Miller
Real Estate Professional
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Location
507 Milton St , Nanaimo, BC V9R 2L2