Restaurants for Sale — South Nanaimo, Nanaimo, BC
$188,000
1 201 Fourth St, Nanaimo, BC V9R1T3
Property details
Structured details
- Ownership
- Leasehold
- Zoning
- cc1
- Annual property tax
- $0
From the listing remarks
- Seats
- 60 seats
Stated by the listing brokerage in the remarks; not verified. Hover a value to see the exact sentence it came from.
Listing Information
- MLS®
- 1040269
- Listed
- June 12, 2026
- Time on market
- 94 days
- Data last synced
- September 15, 2026
- Source
- CREA DDF®
Description
Great opportunity to own a stable business, this restaurant have been in the business for over 10 years. Very successful and well established chinese restaurant. It is located in central of Nanaimo, Vancouver Island University (VIU) and students living area. The restaurant is always busy with repeat customers. The total is over 2277 Sqft.and it accommodates 60 seats. Easy to manage and open six days a week. .Call for info package. (id:63159)
Financing calculator
Estimate your monthly payment on the $188,000 asking price.
Financing details
- Monthly debt service
- $1,825
- Cash required at close
- $62,600
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (Nanaimo)
- Population
- 99,863(+10.3% since 2016)
- Population density
- 1,104.1/km²
- Median household income
- $75,500
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 23.4%
- Postsecondary below bachelor's
- 32.6%
- High school diploma
- 30.5%
- No certificate/diploma
- 13.5%
Population aged 15 and over.
Commute
- Car, truck or van
- 86.8%
- Public transit
- 4.0%
- Walked
- 5.2%
- Bicycle
- 1.4%
- Other
- 2.6%
Commute duration
- Under 15 min
- 45.9%
- 15–29 min
- 36.0%
- 30–44 min
- 10.4%
- 45–59 min
- 3.0%
- 60+ min
- 4.7%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Truong Thanh 212m
- Mandarin House19m
- Gateway to India35m
- Gateway to India Restaurant · 202 Fourth Street35m
- Little George's Express Pizza & Pasta70m
Cafes (3)
- Starbucks · 540 Fifth Street389m
- Tim Hortons429m
- The Bee's Knees Cafe · 525 Third Street759m
Grocery (3)
- Truong Thanh Specialty Asian Grocery16m
- Buy Low Foods309m
- Superette692m
Shopping (2)
- Unnamed · 510 Fifth Street278m
- University Village · 530 Fifth Street284m
Parks (5+)
- Durham Park · 423 Pine Street248m
- Chesterlea Park · 343 Chesterlea Avenue255m
- Bruce Avenue Park · 330 Bruce Avenue284m
- Bruce Avenue Park 2 · 329 Bruce Avenue288m
- Pawson Gyro Park · 410 Machleary Street423m
Pharmacies (1)
- Shoppers Drug Mart291m
Banks & ATMs (1)
- Superette Foods - Bitcoin Well ATM · 687 Albert Street687m
Healthcare (1)
- Nanaimo Botox Clinic739m
Nearby places data: © OpenStreetMap contributors.
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Frequently asked questions
What is the asking price for this restaurant?
The asking price is $188,000.
Where is this business located?
This listing is located in Nanaimo, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 15, 2026.