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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

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
$986,071 USD
Price Per SF
$318.91 USD
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
156’ on Skinner Street
Walk Score®
Walker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Tim Hortons
Starbucks
TD Canada Trust
White Spot
The Pantry
Noodlebox
9Round
Scotiabank
RBC Royal Bank
CIBC
  • Listing ID: 39794337

  • Date on Market: 3/16/2026

  • Last Updated:

  • Address: 77-85 Skinner St, Nanaimo, BC V9R 5G9

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