- Active
27 Commercial Street
Nanaimo · Other
Listed by Sutton Group-West Coast Realty (Nan) · MLS® 1038091
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Sign inAbout this home
Exceptional opportunity to own the fully leased historic Pimbury Building in the heart of Downtown Nanaimo. Offering approximately 4,800 sq. ft. gross, this well-maintained commercial property features two self-contained anchor leased units plus approximately 600 sq. ft. of basement storage. The main floor provides approximately 1,800 sq. ft., with approximately 2,400 sq. ft. upstairs. HVAC serviced and certified in 2026 and building sprinklered. Rich in local history, the property traces its roots to pioneer chemist and druggist E. Pimbury and remains a distinctive part of Nanaimo’s Old City Quarter. Ideally positioned directly across from the Vancouver Island Conference Centre and close to the Port Theatre, library, waterfront, Harbour Air and BC Ferries. Dedicated rear parking plus ample street parking. A solid, low-maintenance investment in a prime downtown location. All data must be verified if important.
Home facts
- Lot size
- 4,070 sq ft
- Parking
- 7
- Property type
- Other
- Area
- Old City
- Listed
- May 25, 2026
- Structure
- Commercial Mix
- PID
- 000-529-842
- Common interest
- Freehold
Highlights
- Waterfront
Features and inclusions
- Heating
- Heat Pump
- Cooling
- Fully air conditioned
- Lot
- Central location, Curb & gutter, Level lot, Southern exposure, See remarks, Other
Rooms and building
- Water
- Zoning
- Unknown
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $6,138
- Property tax
- $375/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $6,663
Purchase snapshot
- List price
- $1,295,000
- Down payment
- $259,000 (20%)
- Estimated mortgage
- $1,036,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $9,469
- At 7.3118 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Climate
What the weather is like in Nanaimo
Ten year average, 2016–2025.
- Average temperature
- 10.4°C
- Daily mean across the year.
- Yearly precipitation
- 0 mm
- On the drier side for BC.
- Bright sunshine
- 1,940 h
- Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Source: Environment and Climate Change Canada, monthly climate summaries
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
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