931 Crace St, Nanaimo, BC V9R 2T4
931 Crace St, Nanaimo, BC V9R 2T4
931 Crace St, Nanaimo, BC V9R 2T4
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Jason Anson

Jason Anson

+1(250) 252-7653
Listing by Brad Archibald Colliers International (Nan)
$2,500,000
Est. payment /mo
9,637 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,637 sqft

Price per Sqft $259

MLS Listing ID 1027940

HOA Y/N No

Year Built 1928

Annual Tax Amount $10,053

Tax Year 2025

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Multi Family

Property Description

5.53% CAP RATE. 10-unit rental apartment building plus 3 storage rental units at the edge of Nanaimo's harbour and downtown core. An opportunity to acquire a well-maintained property in one of Nanaimo's growing and gentrifying neighborhoods, with significant upside in the existing rents. The location of 931 Crace Street provides immediate access to Port Place Mall; as well as the new Hullo foot passenger ferry connecting downtown Vancouver and Nanaimo in only 70-minutes. Mix of 8 one-bedroom units, 1 two-bedroom unit, and 1 three-bedroom unit. Below market rents providing the purchaser with great upside opportunity upon tenant turnover. Contact Listing Agents for more information

Location

Province BC

County Nanaimo, City Of

Community Na Old City

Area Nanaimo

Zoning R8

Interior

Fireplace No

Exterior

Parking Features On Site

View Y/N false

Street Surface Paved

Garage No

Others

Restrictions ALR: No

Ownership Freehold

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Jason Anson
Jason Anson

Agent | License ID: 188385

+1(250) 252-7653 | sold@jasonanson.ca

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931 Crace St

This page highlights a For Sale Listing, giving you a closer look at property details while also connecting you to the broader real estate market on Vancouver Island. Every listing is part of a larger story shaped by neighbourhood activity and regional demand. I have lived on Vancouver Island for more than 30 years and know how communities change over time. In my professional work I focus on proving actual market value with market movement data, helping both buyers and sellers see where a property fits in today’s market. Use these guides to explore regional areas and compare this listing with the wider housing story of the island at Living on Vancouver Island.