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Executive Summary

Excellent investment opportunity. The Parkin Block is a heritage building which has been a centre of commerce and professional services in downtown Nanaimo for over 50 years without interruption. It has been a constant focal point for business and has been part of the vitality of Nanaimo commerce since its roots in the early 1900s. The Old City area of Nanaimo is a fabulous business and shopping district providing an ideal spot for your future business or residence. The main floor of the building has 2 existing successful business's including Bastian Pearl & Craft Fare. The upper floor was law offices but is now vacant and waiting for your ideas. There is approximately 4400 Sq Ft of building with loads of options. The central downtown location with its ideal D1 zoning allowing for a multitude of business/residential possibilities. All within the business community including the court house, shops, restaurants, Harbour Air, Hullo Ferry and seawall. A bussling community waiting for you! (31194151)

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,400 SF
Building Class
B
Year Built
1921
Price
$1,099,900 CAD
Price Per SF
$249.98 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.12
Lot Size
0.09 AC
Zoning
DT1 - This zone provides for a mix of uses where residents expect to live in an area where shopping, clubs, cultural and entertainment uses exist compatibly.
Frontage
45’ on Commercial Street
Exceptionally walkable
100/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100

Nearby Major Retailers

9Round
Scotiabank
RBC Royal Bank
TD Canada Trust
The Pantry
Noodlebox
CIBC
Tim Hortons
Starbucks
Burger Factory
  • Listing ID: 41893759

  • Date on Market: 2026-08-26

  • Last Updated:

  • Address: 155 Commercial St, Nanaimo, BC V9R 5G5

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