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:
85 days
Listing provided by REMAX Professionals (NA)
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CMHC Insurance Required: Down payments less than 20% require mortgage default insurance.
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