Contacts
NAI Commercial | Vancouver
Property Details
- Property Type Multi-Family
- Property Size 5,000 SF
- Lot Size 8,719 SF
- Cap Rate % 4.8
- Year Built 1930
- Date Updated Mar 19, 2025
NAI Commercial is pleased to present this exceptional investment opportunity in the thriving city of Nanaimo. This well-maintained 9-plex is strategically located in a high-demand rental market, offering a blend of modern updates and financial incentives to attract discerning investors. With a strong income stream and a 4.8% capitalization rate (cap rate), this property is an ideal addition to any investment portfolio. This is a rare chance to acquire a fully updated multi-family property in one of Vancouver Island’s most dynamic cities. Contact us today to schedule a viewing or for more information! • Fully Updated Units: All units have been renovated to meet contemporary standards, enhancing tenant satisfaction and rental income potential. • New Roof: Recently replaced, ensuring long-term durability and reduced maintenance costs. • New Laundry Room: Convenient and efficient laundry facilities to serve tenants’ needs. • New Windows and Heat Pumps: Recently installed energy-efficient windows and heat pumps for enhanced aesthetics, comfort, and cost savings. • New Landscaping: Beautifully updated exterior landscaping to improve curb appeal and tenant enjoyment. • Updated Electrical and Plumbing: Modernized systems for improved safety, reliability, and long-term value. • Assumable CMHC Loan: Take advantage of a favorable financing structure with the ability to assume the existing CMHC-insured mortgage. • Vendor Take-Back (VTB) Available: Flexible financing options to support your investment goals.
Reach out to the broker for more info on lease terms and amenities
Getting around
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71/100
Walk Score ®
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51/100
Transit Score ®
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55/100
Bike Score ®
Location
- City Nanaimo, BC
- Neighborhood Old City Nanaimo
- Postal Code V9R 4K7
Points of Interest
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Swiftsure Taxi
0.35 miles
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Nanaimo (Nanaimo Harbour)
0.82 miles
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Petro-Canada
0.25 miles
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Gas n Go
0.25 miles
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Shell
0.30 miles
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7-Eleven
0.46 miles
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Co-op
0.53 miles
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Chevron
0.74 miles
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Super Save
0.95 miles
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Esso
0.96 miles
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ChargePoint
1.05 miles
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Tesla Supercharger
4.60 miles
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Lower Parking
1.32 miles
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Upper Parking
1.32 miles
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Staff Parking
2.17 miles
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Short Term Parking
2.17 miles
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Long Term Parking
2.17 miles
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Brechin Boat Ramp
2.36 miles
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Pick Up & Short Term Parking
2.48 miles
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Visitor Parking
2.48 miles
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Harbour Light Motel
0.25 miles
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Diplomat Motel
0.28 miles
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The Quality Inn
0.43 miles
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Daves
0.44 miles
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Value Lodge Motel
0.58 miles
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Courtyard by Marriott
0.63 miles
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Days Inn Nanaimo
0.70 miles
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Painted Turtle Guesthouse
0.70 miles
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The Coast Bastion Inn
0.73 miles
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Best Western Dorchester Hotel
0.78 miles
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Superette
0.25 miles
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University Village
0.51 miles
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ManLee Oriental
0.60 miles
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London Drugs
0.62 miles
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McLean's Specialty Foods
0.64 miles
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Port Place Shopping Centre
0.65 miles
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Thrifty Foods
0.66 miles
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The Green Store: Discount Organic
0.69 miles
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Retail Space
0.91 miles
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Quality Foods
0.95 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
NAI Commercial | Vancouver