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275 Cypress St
Na Brechin Hill Nanaimo V9S 5J9

$15,500,000
Commercial Sale

Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1043620
Cypress Garden Apartments 64 Suite Apartment Building with a well balanced suite mix featuring a unique 3750 sq ft Penthouse boasting breathtaking views. Situated in the Brechin Hill neighbourhood, located steps from the scenic seawall and within walking distance to downtown Nanaimo. This property offers investors the opportunity to acquire a large scale apartment building that has been privately owned and managed for over 35 years. Well maintained receiving numerous capital upgrades. Represents a rare opportunity to acquire a property of scale with strong cash flow potential in one of British Columbia's fastest growing municipalities.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Brechin Hill, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.93 acre(s)
Taxes:
Building Features:
Elevator: Passenger, Fire Sprinklers, Laundry Room, Shopping Nearby, Transit Nearby, See Remarks
Ceiling Heights:
Floor finish:
Mixed
Total Building Area:
1.43 acre(s)
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Baseboard, Electric
Fireplace:
No
Pending Date:
Balcony/Patio
Ocean, Other
CYPRESS GARDEN APARTMENTS
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
R8
Units in Building:
Units in Community:
Occupancy:
Tenant
Lot Site Features:
Central Location, Landscaped, Marina Nearby, Recreation Nearby, Shopping Nearby
Parking Features:
On Site
Total Parking Spaces:
64
Road Surface Type:
Paved
Business Name:
CYPRESS GARDEN APARTMENTS
Business Type:
Accommodation
Total Units:
Date Listed:
Jul 17, 2026
Original Price:
1.55E7
Listed by Century 21 Harbour Realty Ltd.
Data was last updated July 18, 2026 at 10:05 AM (UTC)
Area Statistics
Listings on market:
101
Avg list price:
$1,250,000
Min list price:
$99,000
Max list price:
$16,575,000
Avg days on market:
99
Min days on market:
1
Max days on market:
782
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.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.