37 Commercial St

37 Commercial St · Nanaimo · Commercial Mix · $2,150,000 · MLS 1031788

Nanaimo, British Columbia

C$2,150,000

For sale

37 Commercial St is located in Nanaimo. Property snapshot: Commercial Mix, listed at $2,150,000, MLS 1031788. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 65. Latest recorded list price 2150000.00.

List Price: $2,150,000

MLS: 1031788

Days on Site: 65

Price History: Latest recorded list price 2150000.00

Local Decision Guide

How should buyers evaluate 37 Commercial St?

Start by reading this listing in its Nanaimo context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?

Recent comparable sales, competing active listings, days on market, price changes and current market pace.
Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.

How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 37 Commercial St?

This page shows a list price of $2,150,000 with MLS 1031788.

What type of home is this Nanaimo listing?

The page shows Commercial Mix at 37 Commercial St. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 65 days on market/site. Latest recorded list price 2150000.00.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

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Remarks

This is a building with over 10,045 sqft of retail/office, with over 7,100 sqft on the main floor and almost 3,000 sqft on the upper floor. This investment is located in the centre of downtown Nanaimo. Located across from the Conference centre and proximity to the Port Theater and the Casino. Heritage style brick exterior with two floors of mixed use lease space. Newly executed lease with Gabriels Cafe, Cayo Fashion, FLVX Fight Sports, and 3 office spaces on the upper floor. Building has undergone many renovations and upgrades! This is an excellent opportunity with a great upside! (id:56153)