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
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$ 5,200,000
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505 Terminal Ave N Nanaimo, BC V9S 4K1

0.83 Acres Lot


UPDATED:

11/26/2024 03:11 PM

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

MLS Listing ID 981270

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 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 Nanaimo

Zoning COR2

Exterior

Exterior Feature Balcony/Deck

Parking On Site 1

Utilities Available Cable To Lot

Others

Pets Allowed Yes

Tax ID 000-726-656

Ownership Freehold

Acceptable Financing Must Be Paid Off

Listing Terms Must Be Paid Off


Listed by 460 Realty Inc. (NA)

Rodney Henderson

Personal Real Estate Corporation | License ID: 4186

+1(250) 858-1437

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505 Terminal Ave N