Description
Well-maintained 14-unit apartment building in a prime central location offering strong in-place income with clear upside. The suite mix includes twelve spacious 1-bedroom units (approx. 700 sq ft) and two large 2-bedroom units (approx. 1,100 sq ft), many with ocean views. Ideally positioned close to all amenities with covered tenant parking beneath two levels of apartments. Significant recent capital improvements include new roof (2020), siding (2019) and building hot water tank (2025), plus four renovated units in the past 4 years. Built in 1964 on three separately titled city lots totaling over 19,000 sq ft and zoned R8, presenting future redevelopment or densification potential. Stable tenancy with long-term occupants and room to improve returns. Price is plus applicable GST. (id:13843)
Details
| MLS # | 1029875 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1964 |
| Days On Site | 213 |
| Listing Provided By | Royal LePage Nanaimo Realty (NanIsHwyN) | Lee Robinson |
Features
| SQ Feet | 6,257 |
|---|---|
| Units | 14 |
| Zoning | Unknown |
| Acreage | 0.44 |
| Property View | Mountain view, Ocean view |
Interior
| Heating | Natural gas, Hot Water |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Lot Features | Central location, Level lot, Southern exposure, Corner Site, Other, Marine Oriented |
|---|
Taxes
| Tax Annual Amount | 15474 |
|---|---|
| Tax Block | 5 |
| Tax Lot | 1 |
Area Information
| Province | BC |
|---|---|
| City | Nanaimo |
| Postal Code | V9S2H6 |
| Listing VS Median (in V9S2H6) | |
Price: $3,100,000 low | high Med: $1,774,950 sqft: 6,257 low | high Med: 3,699 $ / sqft: $495 low | high Med: $445 On site: 213 low | high Med: 113 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Nanaimo |
| Postal Code | V9S2H6 |
| Listing VS Median (in V9S2H6) | |
Price: $3,100,000 low | high Med: $1,774,950 sqft: 6,257 low | high Med: 3,699 $ / sqft: $495 low | high Med: $445 On site: 213 low | high Med: 113 | |