Centra

Investment Overview

The Avison Young Multi-Family Team is pleased to present Centra, a newly built six-storey rental apartment building located in downtown Nanaimo, BC.

Built by Westmark Construction, Centra features 162 modern rental units, including 15 ground-level live-work units, complemented by a comprehensive collection of resident amenities.

Centra offers a rare opportunity to acquire a high-quality, newly constructed rental asset in a growing and increasingly revitalized Nanaimo market.

Investment Highlights

• 2026 Construction – Newly built six-storey purpose-built rental apartment building
• 162 Modern Rental Units – Diverse suite mix ranging from studios to three-bedroom homes
• Centrally Located in Downtown Nanaimo – Integrated with downtown amenities and ongoing revitalization
• Assumable CMHC Debt – Approximately $49.1 million of gross assumable financing
• Bare Trust Ownership – Opportunity for a purchaser to save on property transfer tax
• 15 Ground-Level Live-Work Units – Offering flexible leasing options