$15,900,000
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507 Milton St, Nanaimo

Nanaimo, BC V9R 2L2
MLS® 1042962
3
Stories
2
Days on Market

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

Property Type Commercial Sale
Property Sub Type Mixed Use
Listing ID 1042962
Status Active
City Nanaimo
Area Nanaimo
Sub-Area Na Old City
Postal Code V9R 2L2
Property Taxes $0.00 (2026)
Listed Date Jul 10, 2026
Ownership Freehold
Lot Size 0.66 acres

Building Details

Stories -1
Exterior Size 28797 sqft

Additional Information

Land Size 0.66 ac
Building Type Commercial Mix
Transaction For sale

Location