Exceptional investment opportunity featuring a meticulously maintained 10-unit rental building constructed in 2019. The property generates more than $12,000 per month plus utilities, with a projected cap rate of approximately 4.5%–5%. Ideally located near transit, ferries, sea plane service, shopping centres, schools, parks, churches, and other essential amenities. Building maintains 100% occupancy, supported by an ongoing tenant wait-list that reflects the strong demand for rental housing in this location. Professionally managed and exceptionally clean, the property benefits from a stable roster of responsible tenants and offers a straightforward, low-maintenance investment. With the seller preparing for retirement, attractive vendor-financing options may also be available. Whether expanding an established portfolio or entering the multifamily rental market, this property offers reliable income, modern construction, strong tenant demand, and excellent long-term investment potential.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Listing General Location:
Na Central Nanaimo, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
6,623 sq. ft.615 m2
Construction:
Vinyl Siding
Foundation:
Concrete Perimeter, Slab
Electricity:
Yes
Floor finish:
Carpet
Total Building Area:
6,000 sq. ft.557 m2
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Baseboard
Fireplace:
No
City, Mountain(s)
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Occupancy:
Tenant
Utilities:
Cable Connected, Electricity Connected, Phone Available
Data was last updated September 20, 2026 at 04:05 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$759,000
Min list price:
$46,900
Max list price:
$3,550,000
Avg days on market:
88
Min days on market:
5
Max days on market:
298
These statistics are generated based on the current listing's property type
and located in
Na Central Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.