1964
Year Built
2
Stories
258
Days on Market
Description
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 Details
| Property Type | Commercial Sale |
| Property Sub Type | Multi Family |
| Listing ID | 1002817 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na Brechin Hill |
| Postal Code | V9S 2H6 |
| Property Taxes | $15,474.00 (2024) |
| Water | Municipal |
| Sewer | Sewer Connected |
| Heating | Hot Water,Natural Gas |
| Exterior Features | Balcony/Deck,Balcony/Patio |
| Construction | Vinyl Siding |
| Foundation | Poured Concrete |
| Listed Date | Jun 9, 2025 |
| Ownership | Freehold |
| Lot Size | 0.44 acres |
Building Details
| Heating | Hot Water |
| Heating Fuel | Natural gas |
| Stories | -1 |
| Exterior Size | 6257 sqft |
Additional Information
| Features | Central location, Level lot, Southern exposure, Corner Site, Other, Marine Oriented |
| View | Mountain view, Ocean view |
| Land Size | 19215 sqft |
| Building Type | Multi-Family |
| Transaction | For sale |