Positioned in Nanaimo’s historic Old City, 471 Selby Street offers a rare opportunity with flexible DT8 Mixed-Use zoning. Offering approximately 2,772 sq. ft. of finished space on an 8,944 sq. ft. lot, it is well suited for an owner-occupier, professional practice, creative business or investor. Just minutes from Downtown Nanaimo, the waterfront, Hullo Ferry and Harbour Air, the property combines an accessible urban location with the character of a heritage-style building. Soaring 14-foot cathedral ceilings, abundant natural light and open living areas create an inspiring setting for offices, studios, wellness or professional services, live/work use and other permitted concepts.
A fully finished 6-foot basement provides additional space and storage, while the heated detached garage with a full bathroom adds flexibility and potential, subject to approvals. The property underwent a major permitted renovation in 2018, including updated windows, flooring, plumbing, electrical, insulation, a 200-amp panel, hazardous-material remediation and engineer-approved structural upgrades. The foundation was also reviewed by a structural engineer, with recommended work completed, along with new perimeter drainage.
Outside, the level, landscaped and fully fenced property offers private outdoor space rarely found with an urban commercial opportunity. A patio and BBQ area, gazebo, deck, mature fruit trees and garden areas provide options for staff amenities, client experiences or a unique live/work environment.
DT8 Mixed-Use zoning allows a broad range of uses, including office, retail, restaurant, live/work, multiple-family residential, personal services, daycare, recreation and commercial school, subject to City requirements. A character property with commercial flexibility, residential possibilities and room to evolve, 471 Selby Street offers an opportunity to create something unique in Nanaimo’s downtown neighbourhoods.
Address
471 Selby St
List Price
$829,900
Property Type
Commercial Sale
Type of Dwelling
Mixed Use
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Old City
Lot Size
8944 Sq. Ft.
Lot Size (Acres)
0.21 Ac.
MLS® Number
1050319
Listing Brokerage
Oakwyn Realty Ltd. (NA)
Postal Code
V9R 2R6
Tax Amount
$4,993.97
Tax Year
2026
Features
Baseboard, Carpet, Electric, Electric Garage Door Opener, Laminate, Mixed, Vinyl
Amenities
Balcony/Deck, Balcony/Patio, Central Location, Fencing: Full, Level, Lighting, Rectangular Lot, Shopping Nearby, Sidewalk, Southern Exposure
Open Houses
- September 26, 1:00 PM - 3:00 PM