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This 0 bedroom, 0 bathroom mixed use is listed for sale at $1,150,000 in Nanaimo, British Columbia. Lot size: 31,363 sq ft (0.72 acres).MLS® #1041535.
High exposure corner property comprising 0.72± acres with two buildings in a prime main street location. Zoned COR3, this flexible designation supports a wide range of commercial uses, offering excellent redevelopment or repositioning potential. The 4,215 sq.ft. two-level former restaurant building is currently vacant and has been stripped of all restaurant equipment, providing a clean slate for your business concept.
The second building, approximately 1,800 sq.ft. on one level, is leased to a long-term restaurant tenant, delivering stable income. The site features a large paved parking lot with capacity for approximately 35 vehicles. Strategically located in the heart of the city on a major thoroughfare, directly across from and adjacent to established strip mall centres, this is a rare opportunity to secure a substantial commercial holding with strong exposure and existing income in place.
Looking for homes for sale in Nanaimo? Browse Nanaimo real estate listings,commercial sale properties, and Vancouver Island homes on IslandSold.com. Located in the Na Central Nanaimo neighborhood. Part of the Nanaimo area.
Property Type
Mixed Use
Lot Size
31,363 sq ft(0.72 acres)
Bedrooms
0
Bathrooms
0
Area
Nanaimo
Neighborhood
Central Nanaimo
Listed
Jun 24, 2026
MLS® Number
#1041535
View comprehensive market analysis for Terminal Ave N including recent sales, pricing trends, and days on market statistics. Compare this property with other homes on the same street to better understand the local market.
View Terminal Ave N Market ReportHigh exposure corner property comprising 0.72± acres with two buildings in a prime main street location. Zoned COR3, this flexible designation supports a wide range of commercial uses, offering excellent redevelopment or repositioning potential. The 4,215 sq.ft. two-level former restaurant building is currently vacant and has been stripped of all restaurant equipment, providing a clean slate for your business concept.
The second building, approximately 1,800 sq.ft. on one level, is leased to a long-term restaurant tenant, delivering stable income. The site features a large paved parking lot with capacity for approximately 35 vehicles. Strategically located in the heart of the city on a major thoroughfare, directly across from and adjacent to established strip mall centres, this is a rare opportunity to secure a substantial commercial holding with strong exposure and existing income in place.

Dallas King
Personal Real Estate Corporation
RE/MAX Generation
Discover more properties and explore the Nanaimo community, including the Central Nanaimo neighborhood.
Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$7,250
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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