Nanaimo, BC V9S 4K1,505 Terminal Ave N
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Nanaimo, BC V9S 4K1,505 Terminal Ave N
Nanaimo, BC V9S 4K1,505 Terminal Ave N
Nanaimo, BC V9S 4K1,505 Terminal Ave N
Nanaimo, BC V9S 4K1,505 Terminal Ave N

$5,149,000

Est. payment /mo

$5,200,000

1.0%
Est.Price: ?

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505 Terminal Ave N Nanaimo, BC V9S 4K1

0.83 Acres Lot

SOLD DATE : 04/30/2025

Key Details

Sold Price $5,149,000

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 981270

Sold Date 04/30/25

Rental Info Unrestricted

Annual Tax Amount $50,345

Tax Year 2024

Lot Size 0.830 Acres

Acres 0.83

Lot Dimensions 161 x 225

Property Sub-Type Business

Property Description

PRIME INVESTMENT OPPORTUNITY: Presenting a unique opportunity to acquire the well-established Port-O-Call Inn & Suites, a recently renovated 42-unit motel located in the heart of Nanaimo, British Columbia. This property offers a prime location just minutes from key local attractions, including the Departure Bay Ferry Terminal, Newcastle Island Marine Provincial Park, downtown Nanaimo and Vancouver Island University make this a highly desirable location for tourists and business travelers alike.

PROPERTY HIGHLIGHTS: The motel boasts 42 newly renovated guest rooms, including 18 fully-equipped kitchenette suites, a spacious 2-bedroom manager's suite, a leased onsite Japanese restaurant for additional income stream, and the property is in excellent condition following recent upgrades.

This is a rare opportunity to invest in a thriving business in one of British Columbia's most sought-after communities. Don't miss out on owning a piece of Nanaimo's hospitality market!

Location

Province BC

County Nanaimo, City Of

Area Na Central Nanaimo

Zoning COR2

Exterior

Exterior Feature Balcony/Deck

Parking On Site 1

Utilities Available Cable To Lot

Others

Tax ID 000-726-656

Ownership Freehold

Acceptable Financing Must Be Paid Off

Listing Terms Must Be Paid Off

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Chris Barrington Foote PREC*

Chris Barrington Foote PREC*

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Listed by 460 Realty Inc. (NA)
Bought with JBW Commercial Inc.
agent

Chris Barrington Foote PREC*

Advisor | License ID: 3809

+1(250) 881-3668

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