505 Terminal N Ave, Nanaimo, BC V9S 4K1

$5,149,000

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Courtesy of 460 Realty Inc. (NA) Selling Office: JBW Commercial Inc..

Sold Price
$5,149,000
List Price
$5,200,000
Status
SOLD
MLS®
981270
Closing Date
Apr 30, 2025
Property Type
Commercial
Acres
0.83
Lot Size
36,225
District
Nanaimo
Neighbourhood
Na Central Nanaimo

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!

Additional Information

Exterior Features
Balcony/Deck
Parking Type
On Site
Taxes
$50,345
Rentals Allowed
Unrestricted

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