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507 Milton St
Na Old City Nanaimo V9R 2L2

$15,900,000
Commercial Sale

Main Photo: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 1: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 2: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 3: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 4: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 5: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 6: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 7: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 8: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 9: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 10: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 11: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 12: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 13: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 14: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Photo 15: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1042962
An opportunity to acquire freehold interest in a mixed use residential/retail rental complex centrally located in Nanaimo. Completed in 2024, the complex is comprised of 25 large townhouse units all with exterior entrances, individual hot water tanks, dishwashers and laundry rooms, as well as 3 commercial CRU’s over three buildings. The property is currently fully rented but built to strata specification, and the potential exists to stratify and sell the individual units separately in the future.The complex benefits from a partial property tax exemption until 2033. This is a rare opportunity to buy a newer rental asset with stable holding income and future strata sale potential.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building
Lease Type:
Sale of Assets, Sale Of Shares, Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.664 acre(s)
Taxes:
Number of Storeys:
3
Ceiling Heights:
Total Building Area:
28,797 sq. ft.
Leasable Area:
2,825 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Units in Building:
Units in Community:
Parking Features:
On Site
Total Units:
Date Listed:
Jul 10, 2026
Original Price:
1.59E7
  • Photo 1: 507 Milton St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 1042962
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Listed by NAI Commercial (Victoria) Inc.
Data was last updated July 10, 2026 at 10:05 PM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$867,450
Min list price:
$99,000
Max list price:
$6,000,000
Avg days on market:
95
Min days on market:
16
Max days on market:
774
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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