Colliers is pleased to offer for sale this 10-unit rental property featuring eight (8) 2-bed, 2-bath apartment units and two (2) 3-bed, 2-bath detached duplex units. Each unit has in-unit laundry, under-building parking and a spacious deck. The building has been well maintained with minimal immediate capital expenditures or renovations required, strong rental upside, spacious floorplans and ample on-site parking options. Recent capital upgrades include a new pitch roof (2024) and a modernized fire safety system (2024). The property is situated in immediate proximity to the Third Street and Fitzwilliam Street intersection, providing convenient access to both the Nanaimo Old City Corridor and the Nanaimo Parkway. For more information on this offering please connect with us
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Year built:
1930
(Age: 96)
Lease Type:
Sale of Assets
Listing General Location:
Na University District, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
19,800 sq. ft.1,839 m2
Taxes:
$16,216.39 /
2025
Building Features:
Laundry Room, Parking
Floor finish:
Laminate, Tile
Commercial Area:
Not Applicable
Heating:
Baseboard
Fireplace:
No
Balcony/Deck
Main Level
0
Yes
No
Unrestricted
Assessed:
2347000.0
Assessment year:
2025
Jurisdiction name:
City of Nanaimo
Legal Description:
PLAN VIP630, SECTION 34, NANAIMO LAND DISTRICT, PORTION NLY 130 FT
Zoning:
R6
Units in Building:
10
Units in Community:
10
Occupancy:
Tenant
Lot Site Features:
Central Location
Parking Features:
On Site
Road Frontage Type:
Lane
Road Surface Type:
Paved
Total Units:
10
Date Listed:
Nov 14, 2025
Original Price:
2200000.0
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View of property location with nearby suburban area
Aerial overview of property's location with nearby suburban area
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Aerial view of residential area
View of property location with nearby suburban area
Aerial view of property's location featuring nearby suburban area
Aerial view of property's location featuring nearby suburban area
Aerial view of property and surrounding area with a mountainous background and nearby suburban area
View of property location with nearby suburban area and a large body of water
Aerial view of property and surrounding area with nearby suburban area and a large body of water
Aerial overview of property's location with nearby suburban area and a large body of water
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Listed by Colliers International (Nan)
Data was last updated January 16, 2026 at 10:05 PM (UTC)
Area Statistics
Listings on market:
93
Avg list price:
$929,000
Min list price:
$23
Max list price:
$25,000,000
Avg days on market:
123
Min days on market:
2
Max days on market:
632
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations. This data is not produced by the MLS® system.
