- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1002817
- Year Built:
- 1964
- Photos (43)
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Rare investment opportunity with this well-maintained 14-unit apartment building in a coveted central location. Featuring twelve spacious 1-bedroom units (approx. 700 sq ft) and two 2-bedroom units (approx. 1100 sq ft). Many units enjoy ocean views and the property is ideally located close to all amenities with tenant parking underneath the 2 floors of apartments. Recent updates include a new roof (2020), new siding (2019), and a new building hot water tank (2025). Four units have been renovated in the past 4 years. Built in 1964, the building sits on 3 separately titled city lots totalling over 19,000 sq ft and is zoned R8. Steady income with solid tenants, there is upside as many are long term. Price is plus applicable GST.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Year built:
- 1964 (Age: 61)
- Lease Type:
- Sale of Assets
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- Na Brechin Hill, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 19,215 sq. ft.
- Taxes:
- Signup
- Building Features:
- Parking, Shopping Nearby, Transit Nearby
- Construction:
- Vinyl Siding
- Foundation:
- Concrete Perimeter
- Number of Storeys:
- 2
- Ceiling Heights:
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- Total Building Area:
- 6,257 sq. ft.
- Commercial Area:
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- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Heating:
- Hot Water, Natural Gas
- Fireplace:
- No
- Pending Date:
- Signup
- Balcony/Deck, Balcony/Patio
- Mountain(s), Ocean
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Lot Site Features:
- Central Location, Corner Lot, Easy Access, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure
- Parking Features:
- On Site
- Total Units:
- Signup
- Date Listed:
- Jun 07, 2025
- Original Price:
- 3500000.0
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Listed by Royal LePage Nanaimo Realty (NanIsHwyN)
Data was last updated June 14, 2025 at 02:05 AM (UTC)
Area Statistics
- Listings on market:
- 102
- Avg list price:
- $1,084,450
- Min list price:
- $19,900
- Max list price:
- $24,517,000
- Avg days on market:
- 73
- Min days on market:
- 1
- Max days on market:
- 631
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations.
- CORY MCNABB
- ROYAL LEPAGE NANAIMO REALTY
- 1 (250) 7555759
- Contact by Email
Cory McNabb
Location
4200 Island HWY N
Nanaimo, BC, V9T 1W6