Featured Listings
1460 Sherwood Dr
$1,699,900
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Sutton Group-West Coast Realty (Nan)
5254 Sherbourne Dr
$1,195,900
Open House on Sunday, August 2, 2026 11:30AM - 1:30PM
Beautiful custom-built 7 bedroom plus den/bedroom & media room, 4 bathroom home on a quiet street offering bright southern exposure, built in 2024,this modern residence...
Sutton Group-West Coast Realty (Nan)
Office Listings
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1042858
- Photos (43)
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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
- Lot Site Features:
- Easy Access, Family-Oriented Neighbourhood, Recreation Nearby, Shopping Nearby
- Parking Features:
- On Site
- Date Listed:
- Jul 16, 2026
- Original Price:
- 2490000.0
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Larger map options:
Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated July 31, 2026 at 04:05 AM (UTC)
Area Statistics
- Listings on market:
- 20
- Avg list price:
- $1,039,500
- Min list price:
- $280,000
- Max list price:
- $5,999,900
- Avg days on market:
- 101
- Min days on market:
- 7
- Max days on market:
- 246
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.
- TRISHNA SHIENH
- SUTTON GROUP- WEST COAST REALTY
- 1 (250) 667-1014
- Contact by Email
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.

