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My Office Listings
347 Wesley St
Na Old City
Nanaimo
V9R 3A7
$1,899,998
Commercial Sale
built: 1912
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 948598
- Year Built:
- 1912
- Photos (2)
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Investment Property Opportunity! Purchase this fully leased building showing a great annual return of $102,000.00 with a Cap rate over 5% at the asking price. With a 5-year lease & options to renew lasting until 2043.
The building is situated in Nanaimo’s Vibrant Old City Quarter area and is occupied by one of the city’s most popular award-winning restaurants “Asteras Greek Taverna.” The building was raised and renovated in 1996 with further renovations in 2008 to its current operation. There is a 2-bedroom, 2-bathroom apartment on the top floor which is rented month to month. The building is set back on the lot allowing parking in the front and on the street. The 2-level building is +/- 3405 square feet in size plus a basement storage area. The owner states the roof is newer and is a hands-off operation. “Please do not disturb the tenant and business operation!” Call for further details and information. All measurements and data is approximate and to be verified if important.
- Property Type:
- Commercial Sale
- Type:
- Mixed Use
- Commercial Type:
- Building, Land
- Year built:
- 1912 (Age: 112)
- Lease Type:
- See Remarks
- Listing General Location:
- Na Old City, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 5,280.037 sq. ft.490.531 m2
- Construction:
- Frame Wood
- Total Building Area:
- 3,405 sq. ft.316.335 m2
- Fireplace:
- No
- Main Level
- 0
- Yes
- No
- Unrestricted
- Jurisdiction name:
- City of Nanaimo
- Zoning:
- DT2
- Occupancy:
- Tenant
- Parking Features:
- On Site
- Date Listed:
- Nov 20, 2023
- Original Price:
- 1899998.0
Larger map options:
Listed by RE/MAX of Nanaimo
Data was last updated September 13, 2024 at 12:05 AM (UTC)
Area Statistics
- Listings on market:
- 31
- Avg list price:
- $794,000
- Min list price:
- $58,000
- Max list price:
- $4,880,000
- Avg days on market:
- 105
- Min days on market:
- 21
- Max days on market:
- 464
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations.
- JOE BRATKOWSKI
- RE/MAX OF NANAIMO
- 1 (250) 714-2181
- joe@joebratkowski.com
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.