Well-maintained 10-unit rental apartment building at the edge of Nanaimo’s harbour and downtown core. Located at 931 Crace Street, the property offers immediate access to Port Place Mall and the new Hullo foot passenger ferry with 70-minute service to downtown Vancouver. The unit mix includes 7 one-bedroom units, 2 two-bedroom, and 1 three-bedroom. This unique character building is being offered at a strong cap rate although there is still significant upside potential upon tenant turnover. Situated in a growing, gentrifying neighbourhood, this is an excellent opportunity to acquire a solid income property with long-term growth potential. More information available.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Year built:
1928
(Age: 97)
Lease Type:
Sale of Assets
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
12,936 sq. ft.1,202 m2
Building Features:
Basement, Bike Storage, Laundry Room, Parking, Shopping Nearby, Transit Nearby
Data was last updated September 6, 2025 at 08:05 AM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$680,000
Min list price:
$55,000
Max list price:
$3,750,000
Avg days on market:
128
Min days on market:
3
Max days on market:
500
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. This data is not produced by the MLS® system.
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Listed by Royal LePage Nanaimo Realty (NanIsHwyN), sold on August, 2024