$499,000
FOR SALE

Commercial/Retail

300 Terminal Ave S
Nanaimo, BC V9R 5C8 | Old City

Excellent opportunity to acquire a well-maintained downtown commercial revenue cashflow property with large 2-level building in Nanaimo, one of Canada's top-rated cities. Located on Terminal Avenue highway, this high traffic-count and good-visibility building offers strong exposure and a central city core position adjacent to a large Parkade for plenty of parking, just below the Bastion Street Bridge in the historic downtown old city center core. The property provides approximately 3,600 sq. ft. over two levels, each with a private separate entrance, offering 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 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 include office, retail, medical, restaurant, studio, service, and other commercial applications(subject to city approval). A11 measurements and permitted uses to be verified by the Buyer with the City of Nanaimo if deemed important. 24/hrs notice for showings (id:47421)
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Listed By Sutton Group-West Coast Realty (Nan)
Data Provided By Vancouver Island Real Estate Board
MLS® Listing Number 1024752
Last Updated Feb 03, 2026
Property Summary
Property Type Commercial/Retail

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Neighbourhood Old City
Price History

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Detailed Information
Features Central location, See remarks, Other, Marine Oriented
Listing Contract Date 2026-01-27
Municipal ID 008-824-312
Ownership Type Freehold
Plan VIP584
Property Type Other
Signage Directory Board
Transaction Type For sale
Views City view
Zoning Description DT4
Zoning Unknown
Building
Constructed Date 1954
Cooling Type Air Conditioned, Fully air conditioned
Heating Fuel Electric
Heating Type Heat Pump
Size (Exterior) 3100 square feet
Type Commercial Mix
Land
Total Size 2007 square feet
Size of Irregular Land 2007

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