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83 - 87 Commercial St, Nanaimo, BC, V9R 5G3

MLS® # 992990
Commercial For Sale In City Center/Protection Island, Nanaimo, British Columbia
$1,800,000
83 - 87 Commercial St, Nanaimo, BC
83 - 87 Commercial St, Nanaimo, BC
83 - 87 Commercial St, Nanaimo, BC
83 - 87 Commercial St, Nanaimo, BC
83 - 87 Commercial St, Nanaimo, BC
83 - 87 Commercial St, Nanaimo, BC
83 - 87 Commercial St, Nanaimo, BC, V9R 5G3
$1,800,000

Property Information:

FOR SALE: Two city lots with 6.024 SF Multi tenant investment property known as Rogers Block located in the heart of Nanaimo's downtown core. +/- 5.8% Cap rate on asking price. The tenant mix is diverse with 3 ground floor commercial units and 4 upper floor office tenants / persona service businesses. This property is located in one of Nanaimo's most coveted downtown locations on Commercial Street with bonus frontage on Terminal Ave for parking and rear building access. The building is very well maintained with a new roof completed approximately 2017. Contact listing agent for further details.

Property Features:

  • Annual Tax Amount: $31,702
  • Building Features: High Traffic Area, Shopping Nearby, Transit Nearby, Visual Exposure
  • Built in: 1913
  • Construction Materials: Frame Wood
  • Exterior Features: Sign: Allowed
  • Flooring: Mixed
  • Lot Features: Central Location, Easy Access, Shopping Nearby
  • Lot Frontage: 8036 Square Feet
  • Lot Size: 8036.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Retail
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Available, Phone Connected
  • View: City
  • Water Source: Municipal
  • Zoning: DT1 & DT4
  • Sewer:
  • No. of Parking Spaces: 10

Courtesy of: Colliers International (Nan)

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 83 - 87 Commercial St, Nanaimo, BC, V9R 5G3

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, 83 - 87 Commercial St , 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, 83 - 87 Commercial St , 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 83 - 87 Commercial St, Nanaimo, BC, V9R 5G3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$80,631.17

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.71 %

High school certificate or equivalent

32.24 %

Apprenticeship trade certificate/diploma

8.66 %

College/non-university certificate

21.62 %

University certificate (below bachelor)

0.73 %

University Degree

25.04 %

Commuter

Travel To Work

By Car

74.95 %

By Public Transit

3.31 %

By Walking

13.96 %

By Bicycle

3.05 %

By Other Methods

4.73 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

76.72 %

Houses

23.28 %

Own Vs. Rent