Industrial for Sale — Cedar, Nanaimo, BC
$5,980,000
2040 Schoolhouse Rd, Nanaimo, BC V9X1T4
Property details
Structured details
- Ownership
- Freehold
- Zoning
- HI-1J
- Annual property tax
- $50,559
- Lot dimensions
- 4.01
- Parcel ID (PID)
- 002-549-638
- Heating
- Baseboard heaters, Electric
- Lot features
- Acreage, Level lot, Other
Listing Information
- MLS®
- 1024040
- Listed
- January 23, 2026
- Time on market
- 235 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
FOR SALE! 4-acre Heavy Industrial opportunity zoned HI-1J with excellent Highway exposure with 2 road frontages. Strategically located in an industrial area of South Nanaimo, sits two properties - 2040 Schoolhouse Rd & 2035 Balsam Rd which are being sold together and consist of a total of 4.01 acres. Fronting Schoolhouse Rd features the main building which is a metal frame warehouse built in 2005 offering approx. 7,300 Sq. Ft. The building includes a front reception area, spacious office, staff area w/kitchenette, 2 washrooms, mezzanine area and is equipped with 400 amp electrical service, high ceilings and large bay door. There is an additional shop that fronts onto Balsam Rd which is approx. 1,500 Sq.Ft. The official community plan Land Use Designation is Light Industrial and Commercial making this a great development property. Plus GST. Information package available. Measurements approximate & data should be verified. (id:63159)
Financing calculator
Estimate your monthly payment on the $5,980,000 asking price.
Financing details
- Monthly debt service
- $58,043
- Cash required at close
- $1,221,000
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
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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
Parks (2)
- Thelma Griffiths Community Park · 2108 Minto Avenue545m
- South Wellington Community Park · 1536 Morden Road579m
Nearby places data: © OpenStreetMap contributors.
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All in Nanaimo →Frequently asked questions
What is the asking price for this business?
The asking price is $5,980,000.
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.