Nanaimo · V9R5C8
$2,360/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Investors Alert! Excellent opportunity to acquire a well-maintained downtown commercial revenue cashflow property. This is a 2-level building in the downtown core of Nanaimo, one of Canada's top-rated cities. Located on Terminal Avenue Island highway making this a strategic high traffic-count and good-visibility building with strong exposure and a central city core position adjacent to a large City operated underground covered Parkade for plenty of easy year round parking. The building provides approximately 3,600 sq. ft. over the two levels, each with multiple private separate entrances, handicapped bathrooms on main floor and bathrooms on upper second floor for excellent flexibility for investors or owner-occupiers wishing to max out their cashflow position. An owner could utilize part of the upper floor while maintaining rental income from the ground floor and remaining space(s). With steady income, long-term equity potential, and Nanaimo's continued downtown revitalization growth, this DT4-zoned building is attractively priced and represents one of the best-value commercial opportunities in the downtown core area for a ROI hold. Potential uses may include retail, offices, wholesale or service retail, medical, restaurant, studio, service, and other retail commercial applications (uses subject to city approvals). All measurements and permitted uses to be verified by the Buyer with the City of Nanaimo if deemed important. Vacant for quick possession and TouchBase notice for showings.
1954
Year built
Other
Type
Old City
Area
Listed
February 2, 2026
Nearby & Commute
2 min
walk to ManLee Oriental
2 min
bike to Downtown Nanaimo Transit Exchange
8 min
walk to Downtown Nanaimo Transit Exchange
2h 27m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 33%
| Detached | 89 | 33.0% |
| Condo / Apartment | 68 | 25.2% |
| Land | 60 | 22.2% |
| Townhouse | 16 | 5.9% |
| Mobile home | 11 | 4.1% |
| Other | 26 | 9.6% |
| Under $5,000 | 5 | 0.9% |
| $5,000 to $9,999 | 10 | 1.8% |
| $10,000 to $14,999 | 10 | 1.8% |
| $15,000 to $19,999 | 40 | 7.3% |
| $20,000 to $24,999 | 35 | 6.4% |
| $25,000 to $29,999 | 35 | 6.4% |
| $30,000 to $34,999 | 35 | 6.4% |
| $35,000 to $39,999 | 35 | 6.4% |
| $40,000 to $44,999 | 45 | 8.3% |
| $45,000 to $49,999 | 45 | 8.3% |
| $50,000 to $59,999 | 55 | 10.1% |
| $60,000 to $69,999 | 50 | 9.2% |
| $70,000 to $79,999 | 30 | 5.5% |
| $80,000 to $89,999 | 25 | 4.6% |
| $90,000 to $99,999 | 15 | 2.8% |
| $100,000 to $124,999 | 35 | 6.4% |
| $125,000 to $149,999 | 15 | 2.8% |
| $150,000 to $199,999 | 15 | 2.8% |
| $200,000 and over | 10 | 1.8% |
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$2,360
Principal and interest
Calculated estimate
$2,077
Property tax
Calculated estimate
$133/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$449,000
Down payment
Calculated estimate
$89,800 (20%)
Estimated mortgage
Calculated estimate
$359,200
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$2,360
/mo
Rate
%
Amortization
Principal and interest
$2,077
Property tax (est.)
$133
P&I
Tax
Down payment
$89,800 (20%)
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Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $89,800 down (20%) on $449,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Daily mean across the year.
On the drier side for BC.
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.
At 6.9094 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.
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.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
