- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1029875
- Year Built:
- 1964
- Photos (43)
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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.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Year built:
- 1964 (Age: 62)
- 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:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- 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:
- Mar 24, 2026
- Original Price:
- 3100000.0
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Listed by Royal LePage Nanaimo Realty (NanIsHwyN)
Data was last updated March 28, 2026 at 04:05 AM (UTC)
Area Statistics
- Listings on market:
- 102
- Avg list price:
- $1,197,450
- Min list price:
- $23
- Max list price:
- $25,000,000
- Avg days on market:
- 101
- Min days on market:
- 8
- Max days on market:
- 702
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- KRISTIE HAZ
- EXP REALTY
- 1 (250) 8830477
- Contact by Email
KRISTIE HAZ
Personal Real Estate Corporation
Location
Vancouver Island, BC
