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$6,000,000
116 Prideaux St
Nanaimo, BC V9T 2T6
Nanaimo, BC V9T 2T6
Multi Family
Year Built
1981
Property Description
Rare opportunity to acquire a fully occupied portfolio of 27 strata-titled condominium units under single ownership in the heart of Nanaimo. Unlike traditional apartment buildings, each unit has its own legal title and PID number, providing exceptional flexibility for future disposition, refinancing or continued operation as a rental portfolio. The property has benefited from ongoing capital improvements and features elevator service, storage lockers, on-site laundry facilities and separate hydro metering. Opportunities to acquire a multifamily asset of this scale with individually titled units are exceptionally rare on Vancouver Island. A compelling investment offering stable occupancy, proven income history and multiple avenues for future value creation. Financial information available to qualified purchasers upon execution of a Confidentiality Agreement.
Property Details
MLS #:
1039946
ID #:
31532296
Type:
Commercial Sale
Sub-Type:
Multi Family
Area:
Nanaimo
Sub-Area:
Na Old City
Status:
Active
Lot Size:
0.41 acres
Property Tax:
$33,017 (2025)
Days on Market:
106 days
Listing provided by eXp Realty (NA)
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Contact Information
Ian Lindsay
Personal Real Estate Corporation
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Location
116 Prideaux St , Nanaimo, BC V9T 2T6