Address
950 Terminal Ave N Nanaimo, BC
Price
$ 1,098,000
Property Attributes
  • MLS#866184
  • TypeCommercial
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Central Nanaimo
  • Postal CodeV9S 4K4
  • StyleBusiness
  • Taxes$ 7106
  • Price$ 1,098,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3238
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
RE/MAX Of Nanaimo
Data Source:
Canada - Vancouver Island Real Estate Board (VIREB) - 445 - CAN
Property Description

Excellent opportunity to own this family owned & operated 9-unit Motel plus 2-bed owners suite in Nanaimo on Vancouver Island of BC. This package is being offered as a 100% share sale plus building & land. Great small business investment with good cashflow & potential for increased income growth. Excellent highway exposure, located in central Nanaimo with easy access to downtown Nanaimo, the ferry & seaplane terminals. Just a short walk to restaurants, groceries, banks, liquor & other shopping amenities. There is a variety of rooms for guests over 2 levels incl 5 deluxe rooms with 2 beds, 3 king size kitchenette studios all which have sliding glass doors to a deck and rear yard, 1 family suite which incl separate bedroom w/balcony, bed, couch & kitchen, & all rooms offer a 4 piece bath. In addition, on site is a 2-bed manager's suite with outdoor patio area, storage room & laundry room. Recent updates include LED TV's in all rooms & lighting in deluxe rooms.

General Features

Business Name Colonial Motel
Business Type Accommodation
Commercial Area Core (excl Downtown)
Commercial Listing Type Building, Business, Land
Construction Materials Block, Concrete, Insulation All
Cooling Air Conditioning
Flooring Mixed
Heating Baseboard, Electric
Property SubType Business
Property Type Commercial Sale
Sewer Sewer Connected
Zoning COR2

Interior Features

Total Units 9

Exterior Features

Building Area Total 3238.00
Exterior Features Balcony/Deck, Fencing: Partial, Sign: Pylon
Foundation Slab
Lot Description Marina Nearby, Shopping Nearby
Lot Size Acres 0.16
Lot Size Square Feet 7086.00
Parking Onsite Yn Yes
Water Source Municipal

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V9S 4K4

Price
AVG $1.1M
$1.1M
Taxes
AVG $7,106
$7,106
Visits
AVG 62
46
Walkscore
AVG 59
59
Data Provided by Walkscore ® not using MLS data