Nanaimo, British Columbia V9S2H6
$3,100,000
MLS® 1029875
1964
Year Built
Multi-family
Type
19,215 square feet
Lot Size
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:65701)
Listed by
Royal LePage Nanaimo Realty (NanIsHwyN)
Vancouver Island
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