Restaurants for Sale — Old City, Nanaimo, BC
$199,000
101 648 Terminal Ave, Nanaimo, BC V9R5E2
Property details
Structured details
- Zoning
- DT6
From the listing remarks
- Seats
- 138 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®
- 1049225
- Listed
- September 9, 2026
- Time on market
- 5 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
A well established restaurant in a prime Nanaimo location, offering 3,300 sq ft of dining space with 138 seats and ample parking. Known for its loyal customer base and strong community presence. Ideal opportunity for an owner-operator or investor looking to step into a turnkey operation with growth potential. Please do not approach the business or employees. Contact the listing agent for further information. (id:63159)
Financing calculator
Estimate your monthly payment on the $199,000 asking price.
Financing details
- Monthly debt service
- $1,932
- Cash required at close
- $64,800
- 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+)
- Noodlebox · 648 Terminal Avenue18m
- The Pantry Restaurant Nanaimo · 648 Terminal Avenue45m
- Local Pizza · 650 Terminal Avenue46m
- Penny's Palapa · 10 Wharf Street195m
- Thai Cook · 22 Victoria Crescent232m
Cafes (5+)
- Starbucks · 650 Terminal Avenue76m
- Serious Coffee · 60 Commercial Street208m
- Gabriel's Gourmet Cafe · 39 Commercial Street238m
- The Vault Cafe · 499 Wallace Street273m
- Javawocky Coffee House286m
Grocery (5+)
- Thrifty Foods · 650 Terminal Avenue90m
- Levant Foods · 56 Victoria Crescent216m
- ManLee Oriental · 385 Terminal Avenue313m
- The Green Store: Discount Organic · 256 Wallace Street499m
- Superette767m
Shopping (2)
- Port Place Shopping Centre · 650 Terminal Avenue83m
- London Drugs · 650 Terminal Avenue95m
Parks (5+)
- Piper Park75m
- Italian Square Park134m
- McGregor Park · 126 Front Street148m
- Bastion Square Park · 94 Front Street266m
- Pioneer Square Park286m
Gyms (4)
- Kind Society Yoga239m
- Iyengar Yoga Nanaimo · 335 Wesley Street564m
- Force Boxing & Fitness · 165 Fraser Street574m
- Dolly's Gym · 111 Nicol Street610m
Pharmacies (2)
- Central Drugs398m
- Wallace Pharmacy663m
Banks & ATMs (5+)
- CIBC · 650 Terminal Avenue47m
- TD194m
- Coastal Community Credit Union · 59 Wharf Street206m
- Scotiabank · 65 Commercial Street241m
- Scotiabank · 65 Commercial Street261m
Healthcare (5+)
- The Medical Arts Urgent & Primary Care Centre · 650 Terminal Avenue87m
- Island Oral Facial & Implant Surgery393m
- Vancouver Island Counselling414m
- Princess Royal Family Centre Health Unit · 80 Chapel Street431m
- Harbour City Physiotherapy440m
Nearby places data: © OpenStreetMap contributors.
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Frequently asked questions
What is the asking price for this restaurant?
The asking price is $199,000.
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 14, 2026.