507 Milton St, Nanaimo BC V9R 2L2
$15,900,000
00
507 Milton St, Nanaimo BC V9R 2L2 - Mixed Use for Sale in Nanaimo, BC
This 0 bedroom, 0 bathroom mixed use in Nanaimo, British Columbia is listed for sale at $15,900,000. Lot size: 28,750 sq ft (0.66 acres).MLS® #1042962.
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.
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 Old City neighborhood. Part of the Nanaimo area.
$15,900,000
For Sale
1 / 15
507 Milton St, Nanaimo BC V9R 2L2
Nanaimo, BC V9R 2L2
MLS® #1042962
NAI Commercial (Victoria) Inc.
0beds
0baths
Property Details
Milton St Market Report
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View Milton St Market ReportDescription
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.
Listing History
Members Only
Dallas King
Personal Real Estate Corporation
RE/MAX Generation
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Location & Community
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Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$81,000
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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Property Location
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