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$5,390,000
REMAX 438 Wakesiah Ave
Nanaimo, BC V9R 3K8
Multi Family

Property Description

Prime Student Housing Investment with Licensed Inn Component – Ideally located directly across from VIU, this property offers a rare opportunity to own a stable, income-producing asset in one of Nanaimo’s most desirable rental locations. It features 25 units (13 single-bed & 12 double-bed), totaling 37 beds, with consistently strong occupancy driven by reliable student demand. Its prime location supports steady, recession-resistant income & long-term rental stability. A key highlight is the approved inn license, allowing up to 12 rooms for short-term rental use. This flexible hybrid model provides excellent upside—maintain stable income from student rentals while increasing returns through short-term accommodation, especially during summer months. Built with durability, 15 rear parking stalls, lane-access parking. Close to all amenities, further enhancing tenant appeal. Stable income with strong upside potential. All info, data & measurements approximate; verify if important.

Property Details

MLS #: 1030328
ID #: 30905773
Type: Commercial Sale
Sub-Type: Multi Family
Area: Nanaimo
Sub-Area: Na University District
Status: Active
Lot Size: 0.30 acres
Property Tax: $37,843 (2025)
Days on Market: 75 days
Listing provided by REMAX Professionals (NA)

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Contact Information

Julie Liang
Personal Real Estate Corporation
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Julie Liang
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REMAX Professionals

Location

438 Wakesiah Ave , Nanaimo, BC V9R 3K8

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