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Nanaimo,BC V9S 2H6
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1002817
Rental Info Unrestricted
Year Built 1964
Annual Tax Amount $15,474
Tax Year 2024
Lot Size 0.440 Acres
Acres 0.44
Property Sub-Type Multi Family
Property 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.
Location
Province BC
County Nanaimo, City Of
Area Na Brechin Hill
Interior
Heating Hot Water,Natural Gas
Heat Source Hot Water,Natural Gas
Exterior
Exterior Feature Balcony/Deck,Balcony/Patio
Parking On Site 1
View Y/N Yes
View Mountain(s),Ocean
Building
Lot Description Central Location,Corner,Easy Access,Level,Marina Nearby,Near Golf Course,Recreation Nearby,Serviced,Shopping Nearby,Southern Exposure
Building Description Vinyl Siding, Parking,Shopping Nearby,Transit Nearby
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Vinyl Siding
Others
Pets Allowed Yes
Restrictions None
Tax ID 007-505-906
Ownership Freehold
Acceptable Financing Must Be Paid Off
Listing Terms Must Be Paid Off