525 Townsite Rd #1 - 5, Nanaimo, BC V9S 1K9
525 Townsite Rd #1 - 5, Nanaimo, BC V9S 1K9
525 Townsite Rd #1 - 5, Nanaimo, BC V9S 1K9
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Jason Anson

Jason Anson

+1(250) 252-7653
Listing by Brad Archibald Colliers International (Nan)
$1,450,000
Est. payment /mo
3,771 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,771 sqft

Price per Sqft $384

MLS Listing ID 1027947

HOA Y/N No

Year Built 1993

Annual Tax Amount $6,810

Tax Year 2025

Lot Size 0.670 Acres

Acres 0.67

Property Sub-Type Multi Family

Property Description

Five (5) One-bedroom ocean view strata titled units for sale. A rare opportunity to acquire a multi-family property in a central Nanaimo location, with significant upside in the existing rents. This property is strata titled allowing for the sale of individual units if desired. 525 Townsite Road provides a future owner with the ability to hold the property and increase rents, or sell the units on an individual basis. Current pricing represents a 4.39% cap rate and $290,000 per unit. Contact listing agents for further information.

Location

Province BC

County Nanaimo, City Of

Community Na Central Nanaimo

Area Nanaimo

Zoning R8

Interior

Fireplace No

Exterior

Parking Features On Site

View Y/N false

Street Surface Paved

Garage No

Building

Lot Description Central Location, Easy Access, Shopping Nearby

Sewer Sewer Connected

Water Municipal

Others

Restrictions ALR: No

Ownership Freehold/Strata

Special Listing Condition Updated/Remodeled

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Jason Anson
Jason Anson

Agent | License ID: 188385

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

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525 Townsite Rd #1 - 5

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.