507 Milton St, Nanaimo, BC V9R 2L2
507 Milton St, Nanaimo, BC V9R 2L2
507 Milton St, Nanaimo, BC V9R 2L2
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Office RE/MAX Generation

Office RE/MAX Generation

+1(250) 294-6683
Listed by Erin Glazier NAI Commercial (Victoria) Inc.
$15,900,000
Est. payment /mo
28,797 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 28,797 sqft

Price per Sqft $552

MLS Listing ID 1042962

HOA Y/N No

Tax Year 2026

Lot Size 0.660 Acres

Acres 0.66

Property Sub-Type 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.

Location

Province BC

County Nanaimo, City Of

Community Na Old City

Area Nanaimo

Interior

Fireplace No

Exterior

Parking Features On Site

View Y/N No

Garage No

Others

Ownership Freehold

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+1(250) 294-6683

info@victoriahomes.com

202-3440 Douglas St, Victoria, V8Z 3L5, Canada

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