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$3,100,000
700 Poplar St
Nanaimo, BC V9S 2H6
Nanaimo, BC V9S 2H6
Multi Family
Year Built
1964
Property Description
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 Details
MLS #:
1029875
ID #:
30873716
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:
81 days
Listing provided by Royal LePage Nanaimo Realty (NanIsHwyN)
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Contact Information
Graeme Parker
Personal Real Estate Corporation
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Location
700 Poplar St , Nanaimo, BC V9S 2H6