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77-85 Skinner St 3,092 SF Retail Building Nanaimo, BC V9R 5G9 $1,350,000 CAD ($436.61 CAD/SF)
Investment Highlights
- Two contiguous parcels totaling over 15,000 square feet in Downtown Nanaimo.
- Existing building includes a lounge with custom bar, dining area, and multiple washrooms.
- Adjoining lot provides gravel parking or expansion potential in a high-visibility location.
- DT5 zoning allows mixed-use and higher-density development, including residential and commercial uses.
- Recent improvements include a new roof and outdoor decks for added functionality.
- Walkable, transit-oriented setting steps from the waterfront and downtown amenities.
Executive Summary
This offering presents a rare opportunity to acquire two contiguous parcels totaling over 15,000 square feet in the heart of Downtown Nanaimo. Zoned DT5, the property supports a wide range of mixed-use and higher-density development options, including residential, retail, office, and institutional uses. The existing building provides approximately 3,092 square feet of improved space, featuring a main level with three washrooms, a lounge with custom bar and cabinetry, and a two-tier dining area, complemented by a basement with offices, storage, and utility space.
Recent upgrades include a new roof, and the property boasts outdoor amenities such as a 408-square-foot front deck with pergola and a 304-square-foot side deck. The adjoining lot offers gravel parking or expansion potential, enhancing redevelopment flexibility. Located in a walkable, transit-connected downtown setting, the site is steps from the waterfront, cultural attractions, and key commercial corridors. This property is well-suited for investors or developers seeking to capitalize on Nanaimo’s growing urban core, with potential for adaptive reuse or ground-up redevelopment
Recent upgrades include a new roof, and the property boasts outdoor amenities such as a 408-square-foot front deck with pergola and a 304-square-foot side deck. The adjoining lot offers gravel parking or expansion potential, enhancing redevelopment flexibility. Located in a walkable, transit-connected downtown setting, the site is steps from the waterfront, cultural attractions, and key commercial corridors. This property is well-suited for investors or developers seeking to capitalize on Nanaimo’s growing urban core, with potential for adaptive reuse or ground-up redevelopment
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,092 SF
Building Class
C
Year Built
1989
Price
$1,350,000 CAD
Price Per SF
$436.61 CAD
Building Height
1 Story
Building FAR
0.20
Lot Size
0.35 AC
Zoning
DT5 - supports a wide range of mixed-use and higher-density development options,
Frontage
Walk Score®
Walker's Paradise (96)
Nearby Major Retailers
1 of 2
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77-85 Skinner St
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