+38 more
6,257 sqft
Building Area
19,215 sqft
Lot
1964
Year Built
About This Property
This multi-family in Nanaimo offers 6,257 sqft of building area on a 19,215 sqft lot. Built in 1964. The property has lot dimensions of 19215, zoned Unknown. The home features natural gas, hot water heating.
MLS Remarks
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:60351)
Overview
Property Typeresidential
Sub-Typemulti-family
Ownership
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