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:57571)
| MLS® Number | 1024752 |
| Property Type | Other |
| Neigbourhood | Old City |
| Features | Central Location, See Remarks, Other, Marine Oriented |
| Plan | Vip584 |
| Sign Type | Directory Board |
| View Type | City View |
| Constructed Date | 1954 |
| Cooling Type | Air Conditioned, Fully Air Conditioned |
| Heating Fuel | Electric |
| Heating Type | Heat Pump |
| Size Exterior | 3100 Sqft |
| Type | Commercial Mix |
| Acreage | No |
| Size Irregular | 2007 |
| Size Total | 2007 Sqft |
| Size Total Text | 2007 Sqft |
| Zoning Description | Dt4 |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/29314084/300-terminal-ave-s-nanaimo-old-city
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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