My Listings

75-77 Commercial St
Na Old City V9R 5G9

$950,000
Commercial Sale built: 1913

Main Photo: 75-77 Commercial St in : Na Old City Mixed Use for sale (Nanaimo)  : MLS®# 872420
Photo 1: 75-77 Commercial St in : Na Old City Mixed Use for sale (Nanaimo)  : MLS®# 872420
Photo 2: 75-77 Commercial St in : Na Old City Mixed Use for sale (Nanaimo)  : MLS®# 872420
Photo 3: 75-77 Commercial St in : Na Old City Mixed Use for sale (Nanaimo)  : MLS®# 872420
Photo 4: 75-77 Commercial St in : Na Old City Mixed Use for sale (Nanaimo)  : MLS®# 872420
Photo 5: 75-77 Commercial St in : Na Old City Mixed Use for sale (Nanaimo)  : MLS®# 872420
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Photo 7: 75-77 Commercial St in : Na Old City Mixed Use for sale (Nanaimo)  : MLS®# 872420
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Photo 40: 75-77 Commercial St in : Na Old City Mixed Use for sale (Nanaimo)  : MLS®# 872420
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
872420
Year Built:
1913
Beautifully maintained building in the heart of Nanaimo's charming downtown core zoned DT1 directly opposite the conference centre with ample parking and high visibility onto both Commercial St & Terminal Ave. The building is 3055sqft with a long term investment firm on the main floor with high quality finishings, 2 bathrooms, bright front window, street front and rear access. The upper level offers 3 separate entrances comprised of a bright, welcoming common area with skylight, large picture windows, full bathroom with shower, multiple offices & a large, sunny deck facing Terminal Ave & views of Mt. Benson creating a lovely outdoor space. The upper is vacant & available for lease for $2000+NNN providing for multiple uses including office, retail, private club, pub, shared work space, studio or live/work space. Viewings of main level by appointment only. Upper can be viewed anytime. Please refer to DT1 zoning for all permitted use & potential expansion of the building.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Year built:
1913 (Age: 108)
Lease Rate:
24.06
Lease Type:
Sale Price
Existing Lease Expiry:
Mar 31, 2023
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
3,484.8 sq. ft.
Taxes:
$10,597.11 / 2020
Building Features:
Fire Alarm, Fire Sprinklers, High Traffic Area, Kitchen/Staff Room, Security System, Shopping Nearby, Transit Nearby, Visual Exposure, See Remarks
Construction:
Frame Wood
New Construction:
No
Foundation:
Slab
Electricity:
Yes
Number of Storeys:
2
Floor finish:
Mixed
Total Building Area:
3,055 sq. ft.
Leasable Area:
3,055 sq. ft.
Commercial Area:
Other
Subdivisable Area:
Yes
Subdivisable Area Max:
3,055 sq. ft.
Subdivisable Area Min:
80 sq. ft.
Water supply:
Municipal, To Lot
Sewer:
Sewer Connected
Cooling:
Air Conditioning, HVAC
Heating:
Heat Pump, Natural Gas
Fireplace:
No
Fixtures, Real Estate
Equip/Machinery, Leasehold Improvements
Awning(s), Balcony/Deck, Display Window, Low Maintenance Yard, Security System, Sign: Allowed, Sprinkler System, Storefront, See Remarks
City, Mountain(s)
Main Level
0
Yes
No
Unrestricted
Assessed:
634000.0
Assessment year:
2020
Lease Amount Additional:
0.0
Gross Income:
57527.48
Operational Expense Per Sq Ft:
9.31
Net Operating Income:
29059.97
Jurisdiction name:
City of Nanaimo
Legal Description:
Lot 1, Block 60, Plan VIP12170, Section 1, Nanaimo Land District
Zoning:
DT1
Units in Building:
2
Other Equipment:
Security System
Occupancy:
Partially Occupied
Property Condition:
Updated/Remodeled
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
Lot Site Features:
Central Location, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk
Parking Features:
On Site
Total Parking Spaces:
2
Road Surface Type:
Paved
Total Units:
3
Date Listed:
Apr 10, 2021
Original Price:
950000.0
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Data was last updated May 10, 2021 at 08:05 PM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$950,000
Min list price:
$69,900
Max list price:
$9,900,000
Avg days on market:
91
Min days on market:
5
Max days on market:
606
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations.
Sandy Clark Personal Real Estate Corporation
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.