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505 Terminal Ave NORTH, Nanaimo, BC, V9S 4K1

MLS® # 981270
Commercial For Sale In Townsite, Nanaimo, British Columbia
$5,200,000
505 Terminal Ave North, Nanaimo, BC
505 Terminal Ave North, Nanaimo, BC
505 Terminal Ave North, Nanaimo, BC
505 Terminal Ave North, Nanaimo, BC
505 Terminal Ave North, Nanaimo, BC
505 Terminal Ave North, Nanaimo, BC
505 Terminal Ave North, Nanaimo, BC
505 Terminal Ave North, Nanaimo, BC
505 Terminal Ave North, Nanaimo, BC
505 Terminal Ave North, Nanaimo, BC
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ACTIVE
505 Terminal Ave NORTH, Nanaimo, BC, V9S 4K1
$5,200,000

Property Information:

PRIME INVESTMENT OPPORTUNITY: Presenting a unique opportunity to acquire the well-established Port-O-Call Inn & Suites, a recently renovated 42-unit motel located in the heart of Nanaimo, British Columbia. This property offers a prime location just minutes from key local attractions, including the Departure Bay Ferry Terminal, Newcastle Island Marine Provincial Park, downtown Nanaimo and Vancouver Island University make this a highly desirable location for tourists and business travelers alike.PROPERTY HIGHLIGHTS: The motel boasts 42 newly renovated guest rooms, including 18 fully-equipped kitchenette suites, a spacious 2-bedroom manager’s suite, a leased onsite Japanese restaurant for additional income stream, and the property is in excellent condition following recent upgrades.This is a rare opportunity to invest in a thriving business in one of British Columbia's most sought-after communities. Don't miss out on owning a piece of Nanaimo's hospitality market!

Property Features:

  • Annual Tax Amount: $50,345
  • Building Features: Shopping Nearby, Transit Nearby
  • Business Type: Accommodation
  • Exterior Features: Balcony/Deck
  • Lot Frontage: 36225 Square Feet
  • Lot Size: 0.83 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Business
  • Utilities: Cable Connected
  • Zoning: COR2
  • No. of Parking Spaces: 0

Courtesy of: 460 Realty Inc. (NA)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

Location of 505 Terminal Ave NORTH, Nanaimo, BC, V9S 4K1

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

Projected Precipitation Risk: High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

29/100

Moderate-Low

ClimateCheck®

Current data

This property, 505 Terminal Ave NORTH, experiences 7 hot days per year at around 29 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 20 hot days at 31.9 degrees Celsius.

Projected Avg. Temperature

Past
29℃
2050
31.9℃

# Hot Days Per Year

Past
7
2050
20

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

14 storms expected in 2050

93/100

High

ClimateCheck®

Current data

This property, 505 Terminal Ave NORTH, experiences 12 significant 2-day storms per year, with about 569.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 660mm of precipitation per year.

Precipitation Per Storm

Past
569.5mm
2050
660mm

48-Hour Storms Per Year

Past
12
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 505 Terminal Ave NORTH, Nanaimo, BC, V9S 4K1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$88,321.53

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.81 %

High school certificate or equivalent

30.91 %

Apprenticeship trade certificate/diploma

10.11 %

College/non-university certificate

21.43 %

University certificate (below bachelor)

2.97 %

University Degree

21.78 %

Commuter

Travel To Work

By Car

78.87 %

By Public Transit

6.03 %

By Walking

8.2 %

By Bicycle

0.37 %

By Other Methods

6.53 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

55.9 %

Houses

44.1 %

Own Vs. Rent