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Win Myint & Sandy Liu Real Estate Team

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505 N Terminal Ave
Na Central Nanaimo Nanaimo V9S 4K1

$5,149,000
Commercial Sale

Main Photo: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
Photo 1: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
Photo 2: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
Photo 3: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
Photo 4: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
Photo 5: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
Status:
Sold
Sold Date:
Apr 30, 2025
Sold Price:
$5,149,000
Sold in:
156 days
Prop. Type:
Commercial Sale
MLS® Num:
981270
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!
Property Type:
Commercial Sale
Type:
Business
Commercial Type:
Building, Business, Land
Lease Type:
Sale of Assets, Sale Of Shares
Listing General Location:
Na Central Nanaimo, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.832 acre(s)
Lot Details:
161 x 225
Taxes:
$50,345 / 2024
Building Features:
Shopping Nearby, Transit Nearby
Commercial Area:
Other
Fireplace:
No
Pending Date:
Mar 28, 2025
Date Sold:
Apr 30, 2025
Balcony/Deck
Main Level
0
Yes
No
Unrestricted
Assessed:
3985000.0
Assessment year:
2024
Jurisdiction name:
City of Nanaimo
Legal Description:
LT 1 & 2 PL 4748 LD 32 SEC 1 SHARE SALE
Zoning:
COR2
Utilities:
Cable Connected
Parking Features:
On Site
Total Parking Spaces:
0
Business Name:
PORT O CALL MOTEL
Business Type:
Accommodation
Total Units:
42
Date Listed:
Nov 25, 2024
  • Photo 1: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
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  • Photo 2: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
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  • Photo 3: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
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  • Photo 4: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
    Photo 4 of 5
  • Photo 5: 505 N Terminal Ave in Nanaimo: Na Central Nanaimo Business for sale : MLS®# 981270
    Photo 5 of 5
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Listed by 460 Realty Inc. (NA), sold on April, 2025
Data was last updated May 9, 2025 at 08:05 PM (UTC)

About Win & Sandy

 

A dynamic husband and wife team servicing all of Vancouver Island both residential and commercial properties.  We are passionate about real estate!  Whether buying or selling, let our knowledge, experience  and commitment exceed your expectations every time.


 

VIREB IDX Reciprocity listings are displayed in accordance with VIREB's broker reciprocity Agreement and are copyright © the Vancouver Island Real Estate Board. The above information is from sources deemed reliable but it should not be relied upon without independent verification. - Listing data updated on August 16, 2018.

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.