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664 Bruce Ave
Na South Nanaimo Nanaimo V9R 3Y7

$3,950,000
Commercial Sale built: 1964

Main Photo: 664 Bruce Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 1047895
Photo 1: 664 Bruce Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 1047895
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1047895
Year Built:
1964
Colliers is pleased to present the opportunity to acquire Country Gardens Apartments, a 19-suite rental complex situated at 664 Bruce Avenue in Nanaimo, British Columbia (the “Property”). The Property comprises three wood-frame residential buildings on approximately 2.25 acres. It features 19 spacious two-bedroom suites averaging ±1,250 SF, with ground-floor patios, upper-level balconies and in-suite laundry. Located along Bruce Avenue within walking distance of Vancouver Island University, University Village Mall, parks, schools and public transit, the Property benefits from a central location and strong tenant fundamentals. The substantial land holding and R6 – Townhouse Residential zoning provide additional long-term redevelopment potential. The Property offers investors the opportunity to acquire an established multifamily asset with stable occupancy, rental upside and future development optionality.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Year built:
1964 (Age: 62)
Lease Type:
Sale Of Shares, Sale Price
Listing General Location:
Na South Nanaimo, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
2.25 acre(s)
Taxes:
$29,814.1 / 2025
Total Building Area:
23,750 sq. ft.
Leasable Area:
23,750 sq. ft.
Commercial Area:
Other
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
4315000.0
Assessment year:
2026
Jurisdiction name:
City of Nanaimo
Legal Description:
PLAN VIP630, SECTION 22, RANGE 9, NANAIMO LAND DISTRICT, SEC 1
Zoning:
R6
Units in Community:
19
Parking Features:
On Site
Total Parking Spaces:
19
Total Units:
19
Date Listed:
Aug 26, 2026
Original Price:
3950000.0
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Listed by Colliers and Colliers International (Nan)
Data was last updated August 26, 2026 at 10:05 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$759,900
Min list price:
$188,000
Max list price:
$7,250,000
Avg days on market:
114
Min days on market:
16
Max days on market:
489
These statistics are generated based on the current listing's property type and located in Na South Nanaimo. Average values are derived using median calculations. This data is not produced by the MLS® system.
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