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$3,500,000
700 Poplar St
Nanaimo, BC V9S 2H6
Nanaimo, BC V9S 2H6
Multi Family
Year Built
1964
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.
Property Details
MLS #:
1002817
ID #:
29228295
Type:
Commercial Sale
Sub-Type:
Multi Family
Area:
Nanaimo
Sub-Area:
Na Brechin Hill
Status:
Active
Lot Size:
0.44 acres
Property Tax:
$15,474 (2024)
Days on Market:
188 days
Listing provided by Royal LePage Nanaimo Realty (NanIsHwyN)
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Contact Information
Levi Neff
Sales Associate, REALTOR®
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Location
700 Poplar St , Nanaimo, BC V9S 2H6