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37 Commercial St

$2,150,000

Nanaimo

Detached— · — · —Built 192579 days on market

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About this home

This is a building with over 10,045 sqft of retail/office, with over 7,100 sqft on the main floor and almost 3,000 sqft on the upper floor. This investment is located in the centre of downtown Nanaimo. Located across from the Conference centre and proximity to the Port Theater and the Casino. Heritage style brick exterior with two floors of mixed use lease space. Newly executed lease with Gabriels Cafe, Cayo Fashion, FLVX Fight Sports, and 3 office spaces on the upper floor. Building has undergone many renovations and upgrades! This is an excellent opportunity with a great upside! (id:65179)

Property details

From the listing's public record.

Lot size

9,369 square feet

Year built

1925

Taxes

$38,548/yr

Zoning

Unknown

Price history

1 record

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Apr 11, 2026

    Listed $2,150,000

    Active79 days on marketMLS 1031788

How this listing compares

Based on 1157 sales in Nanaimo

Median sold

$820,000

Avg days on market

43 days

Avg sale-to-list

98%

Avg $/sqft

$377

Current market in Nanaimo

Active (same type)

379

Pending

170

All active listings

926

Months of supply

3.9

Seller's market3.9 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$1,821,000

Land

$724,000

Improvements

$1,097,000

Homes in Nanaimo sell at 103.3% of assessed value on average.

Based on 1116 recent sales.

Local price trend

How Nanaimo has moved over the last decade.

5984110Jul 2016Jun 2021May 2026

Local price index (normalized) · 119 months

Recent nearby sales

12 sales
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    $1,060,000

    4 bd · 3 ba · 2,290 sqft · $463/sqft · 45 days on market

    Sold Jun 29, 2026 · 96.5% of list

  • 1040 Moyse Cres

    $607,000

    3 bd · 1 ba · 1,392 sqft · $436/sqft · 9 days on market

    Sold Jun 29, 2026 · 101.2% of list

  • 3320 Hickman Pl

    $855,000

    4 bd · 3 ba · 3,503 sqft · $244/sqft · 18 days on market

    Sold Jun 29, 2026 · 100.7% of list

  • 6258 Mcrobb Ave

    $1,054,000

    3 bd · 3 ba · 2,577 sqft · $409/sqft · 16 days on market

    Sold Jun 29, 2026 · 98.5% of list

  • 7478 High Ridge Cres

    $2,775,000

    6 bd · 4 ba · 3,904 sqft · $711/sqft · 6 days on market

    Sold Jun 29, 2026 · 97.5% of list

  • 3367 Rock City Rd

    $775,000

    4 bd · 3 ba · 2,999 sqft · $258/sqft · 24 days on market

    Sold Jun 29, 2026 · 99.4% of list

  • 228 View St

    $440,000

    3 bd · 1 ba · 2,035 sqft · $216/sqft · 17 days on market

    Sold Jun 29, 2026 · 88.7% of list

  • 921 Sarum Rise Way

    $845,000

    5 bd · 3 ba · 2,292 sqft · $369/sqft · 15 days on market

    Sold Jun 29, 2026 · 97.2% of list

  • 4193 Corunna Ave

    $870,000

    3 bd · 4 ba · 2,370 sqft · $367/sqft · 94 days on market

    Sold Jun 29, 2026 · 96.7% of list

  • 925 Howard Ave

    $890,000

    4 bd · 4 ba · 2,806 sqft · $317/sqft · 164 days on market

    Sold Jun 29, 2026 · 98.9% of list

  • 3224 Willowmere Cres

    $965,000

    5 bd · 3 ba · 3,145 sqft · $307/sqft · 132 days on market

    Sold Jun 29, 2026 · 94.2% of list

  • 6573 Pelican Way

    $992,000

    4 bd · 3 ba · 3,151 sqft · $315/sqft · 48 days on market

    Sold Jun 29, 2026 · 94.5% of list

More on this listing

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