507 Milton St, Nanaimo BC V9R 2L2

$15,900,000 · For Sale

Commercial Sale

An opportunity to acquire freehold interest in a mixed use residential/retail rental complex centrally located in Nanaimo. Completed in 2024, the complex is comprised of 25 large townhouse units all with exterior entrances, individual hot water tanks, dishwashers and laundry rooms, as well as 3 commercial CRU’s over three buildings. The property is currently fully rented but built to strata specification, and the potential exists to stratify and sell the individual units separately in the future.The complex benefits from a partial property tax exemption until 2033. This is a rare opportunity to buy a newer rental asset with stable holding income and future strata sale potential.

Property details

Property type
Commercial Sale
Lot size
28927

Photographs

507 Milton St, Nanaimo — photograph 1507 Milton St, Nanaimo — photograph 2507 Milton St, Nanaimo — photograph 3507 Milton St, Nanaimo — photograph 4507 Milton St, Nanaimo — photograph 5507 Milton St, Nanaimo — photograph 6507 Milton St, Nanaimo — photograph 7507 Milton St, Nanaimo — photograph 8507 Milton St, Nanaimo — photograph 9507 Milton St, Nanaimo — photograph 10507 Milton St, Nanaimo — photograph 11507 Milton St, Nanaimo — photograph 12