170222 ES_Cambie - NAI Commercial Central Vancouver Island

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FOR SALE Historic Cambie Bar and Hostel 63 Victoria Crescent Nanaimo, BC

Building, Land & Business The Opportunity The historic Cambie Bar and Hostel was built circa 1912 as the Eagle Hotel and has provided both accommodations and entertainment to many generations of patrons. This offering includes land (which has a parking lot with 10 stalls), building and the profitable business operation. Current operations include the bar with patio, hostel accommodations, commercial lease premises and residential rental with ocean views. Both the business and the building offer good potential for income growth. This building is located downtown Nanaimo within walking distance to malls, shopping, restaurants, public transportation, seaplanes and Nanaimo's beautiful waterfront walkway. Please contact listing brokers for a more complete information package including financials.

For More Information:

Bob Moss President & Managing Broker 250.753.5757 [email protected]

Scott Forbes Associate Broker 250.753.5757 [email protected]

201 ‐ 155 Skinner St, Nanaimo, BC, V9R 5E8  Tel +1 250 753 5757   naivanisle.ca 

FOR SALE Historic Cambie Bar and Hostel 63 Victoria Crescent Nanaimo, BC

Outside Patio Area

Bar Area

Residence

Hostel Accommodations 201 ‐ 155 Skinner St, Nanaimo, BC, V9R 5E8  Tel +1 250 753 5757   naivanisle.ca 

FOR SALE Historic Cambie Bar and Hostel 63 Victoria Crescent Nanaimo, BC

Property History 

201 ‐ 155 Skinner St, Nanaimo, BC, V9R 5E8  Tel +1 250 753 5757   naivanisle.ca 

FOR SALE Historic Cambie Bar and Hostel 63 Victoria Crescent Nanaimo, BC

Location Excellent location in Downtown Nanaimo with quick and easy access to the Island Highway, Harbour Air, BC Ferries and YCD.

About Nanaimo Nanaimo is centrally located on the east coast of Vancouver Island and serves as the economic hub for the area north of Victoria. With its mild climate, beautiful scenery and abundant recreational opportunities, Nanaimo is attracting greater numbers of tourists, families and retirees. Residential housing starts have reached record levels as the area’s population and economic activity grows steadily. Commercial development throughout Nanaimo is part of this trend.

Property Highlights

Zoning

Civic Address: Legal Description: Plan VIP85529 PID: Zoning Taxes (2016) Assessment (2017) Land Value Improvements Total Value

Zoned DT-4, this zone provides for predominately mixed office and retail area with three to six storey street wall related buildings intended to support the unique role as a gateway into the downtown core. For more information visit the City of Nanaimo website: www.nanaimo.ca

63 Victoria Crescent, Nanaimo, BC Lot A, Section 1, Nanaimo District, 027-607-518 DT4 $16,838.21 $ 355,000 $ 537,000 $ 892,000

Offered For Sale $1,950,000.00 One Million, Nine Hundred and Fifty Thousand Dollars Including Land, Building & Business Assets 201 ‐ 155 Skinner St, Nanaimo, BC, V9R 5E8  Tel +1 250 753 5757   naivanisle.ca  NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO

 

THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.