495 Dunsmuir St Nanaimo, BC
$ 9,900,000
Property Attributes
  • ML#866923
  • TypeCommercial
  • CityNanaimo
  • AreaNanaimo - City of
  • NeighbourhoodNanaimo
  • Postal CodeV9R 6B9
  • Style
  • Year Built1980
  • Taxes163548
  • Price$ 9,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.89 Acres
Listing Provided Courtesy Of:
Jason Winton with Colliers International (Nan)
Data Source:
Property Description

For sale just shy of assessed value, Dunsmuir Place comprises 1.86 acres made up of four (4) properties (8 PID's) which include a 6 storey downtown office building with a net rentable area of 62,892 sqft + plus 3 adjacent parking lots. Based on the current list price, offering represents a stabilized capitalization rate of approx 7.5% based on vacancies being leased up at a low $10 psf net & using a generous 15% vacancy allowance. Dunsmuir Place occupies a prominent corner at Dunsmuir & Albert Streets, in an area of established commercial development, next door to the City of Nanaimo Service and Resource Centre, across the street from Nanaimo City Hall and one block from downtown Nanaimo. Tenants include Central Drugs, Discovery Community College, Western Forest Products and many other medical, government and general office tenants. Upper floor ocean views, well maintained & managed with a value well below replacement cost. Great future up-side for an investor.

General Features

Construction Materials Steel and Concrete
Garage no
Inclusions Leasehold Improvements, Parking
Listing Type Commercial
Neighbourhood Nanaimo
Parking yes
Terms SALE
Wheel Chair Access no
Zoning DT-7

Interior Features

Cooling HVAC
Fireplace no
Heating Heat Pump

Exterior Features

Exterior Features Balcony/Deck
Lot Features Acreage, Central Location, Cleared
Lot Frontage 82328.4
Lot Size 1.89
Pool Y/N no


  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in V9R 6B9

AVG $900K
AVG $163,548
AVG 82
Year Built
AVG 1980
AVG 81
Data Provided by Walkscore ® not using MLS data

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