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490 North Rd
Isl Gabriola Island Gabriola Island V0R 1X0

$249,900
Commercial Sale

Main Photo: 490 North Rd in Gabriola Island: Isl Gabriola Island Business for sale (Islands)  : MLS®# 970594
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
970594
SUBSTANTIAL PRICE REDUCTION for this Gabriola Island business. Unique asset sale and opportunity to purchase the established Island Home and Garden Store. Located on beautiful Gabriola Island just off of Nanaimo, this business is located in the village's commercial core and is ripe for an owner investor, or a savvy investor looking to expand on their investment portfolio. Further opportunities exist for the expansion of the business by way of a neighbouring land purchase that the Vendor will consider. See MLS 970609. Financial documentation forwarded to qualified buyers upon a CA submission.
Property Type:
Commercial Sale
Type:
Business
Commercial Type:
Business
Lease Type:
Absolute Net, Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Isl Gabriola Island, Islands
Bathrooms:
- (Full:-/Half:-)
Taxes:
Ceiling Heights:
Total Building Area:
8,000 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
Nanaimo Rural (768)
Legal Description:
Zoning:
LRR
Units in Building:
Units in Community:
Parking Features:
On Site
Business Name:
Island Home and Garden
Business Type:
Retail
Total Units:
Date Listed:
Jul 15, 2024
Original Price:
399900.0
  • Photo 1: 490 North Rd in Gabriola Island: Isl Gabriola Island Business for sale (Islands)  : MLS®# 970594
    Photo 1 of 1
Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated June 16, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$949,900
Min list price:
$128,000
Max list price:
$3,950,000
Avg days on market:
115
Min days on market:
14
Max days on market:
839
These statistics are generated based on the current listing's property type and located in Islands. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.