Office Listings

931 Crace St
Na Old City Nanaimo V9R 2T4

$2,700,000
Commercial Sale built: 1928

Main Photo: 931 Crace St in Nanaimo: Na Old City Multi Family for sale : MLS®# 1012926
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1012926
Year Built:
1928
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.
Building Features:
Basement, Bike Storage, Laundry Room, Parking, Shopping Nearby, Transit Nearby
Construction:
Stucco
Foundation:
Concrete Perimeter
Total Building Area:
9,637 sq. ft.
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Baseboard, Electric
Fireplace:
No
City, Mountain(s), Ocean
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Occupancy:
Tenant
Lot Site Features:
Central Location, Easy Access, Marina Nearby, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk
Parking Features:
On Site
Road Surface Type:
Paved
Date Listed:
Sep 03, 2025
Original Price:
2700000.0
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    Ocean View Unit
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    Ocean View Unit
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    Typical Kitchen
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    Renovated Kitchen
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    Walk out unit
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Listed by Royal LePage Nanaimo Realty (NanIsHwyN)
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.
DAVID HITCHCOCK
David Hitchcock
Phone: (250) 755-9629
Office: (250) 758-7653
Fax: (250) 758-8477
Beds (Min)
Any
1
2
3
4
5
Baths (Min)
Any
1
2
3
4
5
Priced between $ & $
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.