950 Terminal Ave, Nanaimo, V9S 4K4

Commercial Sale - Business For Sale

$1,098,000


Beds
Baths
Sqft
.16Acres
Built
128DOM
MLS® #: 866184
Active, 128 Days on Market

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.

Essential Information

MLS® #: 866184
Price: $1,098,000
Bathrooms: 0.00
Acres: 0.16
Type: Commercial Sale
Sub-Type: Business
Status: Active

Community Information

Address: 950 Terminal Ave
City: Nanaimo
County: Nanaimo, City of
Province: BC
Postal Code: V9S 4K4

Interior

Heating: Baseboard, Electric
Cooling: Air Conditioning
# of Stories: 2

Exterior

Exterior Features: Balcony/Deck, Fencing: Partial, Sign: Pylon
Construction: Block, Concrete, Insulation All
Foundation: Slab

Additional Information

Days on Market: 128
Zoning: COR2

Listing Details

Listing Office: RE/MAX Of Nanaimo

VIREB IDX Reciprocity listings are displayed in accordance with VIREB's broker reciprocity Agreement and are copyright © the Vancouver Island Real Estate Board. The above information is from sources deemed reliable but it should not be relied upon without independent verification.