507 Milton St, Nanaimo, BC
$15,900,000
Square feet
Acres
About 507 Milton St
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.
Commercial Sale home for sale in Nanaimo, BC at 507 Milton St. This Commercial Sale home is priced at $552/sqft
Features of 507 Milton St
| MLS® # | 1042962 |
|---|---|
| Price | $15,900,000 |
| Square Footage | 28,797 |
| Acres | 0.66 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information: Nanaimo
| Address | 507 Milton St |
|---|---|
| Area | Na Old City |
| City | Nanaimo |
| County | Nanaimo, City of |
| Province | BC |
| Postal Code | V9R 2L2 |
Amenities of 507 Milton St
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior of 507 Milton St
| Fireplace | No |
|---|---|
| # of Stories | 3 |
Additional Information On 507 Milton St
| Date Listed | July 10th, 2026 |
|---|---|
| Days on Market | 90 |
| Office | NAI Commercial (Victoria) Inc. |