
37 Commercial St
$2,150,000
Nanaimo
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
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1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Apr 11, 2026
Listed $2,150,000
Active79 days on marketMLS 1031788
How this listing compares
Based on 1157 sales in NanaimoMedian 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 market — 3.9 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.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales1694 Gerrand Rd
$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
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.