REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sean Carrie

sean.carrie@engelvoelkers.com +1(250) 884-3498

$ 5,899,000

Est. payment -/mo

Save

Active

438 Wakesiah Ave Nanaimo, BC V9R 3K8

0.3 Acres Lot

UPDATED:

07/03/2024 05:27 PM

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 969288

Rental Info Unrestricted

Annual Tax Amount $28,849

Tax Year 2023

Lot Size 0.300 Acres

Acres 0.3

Property Description

Presenting a unique investment opportunity: an award-winning student housing apartment building located on Vancouver Island. This prime property is situated directly across from Vancouver Island University, ensuring a steady and consistent occupancy rate. The three-level building comprises 25 fully-equipped units, including 13 one-bedroom and 12 two-bedroom apartments. Each unit features its own kitchen and bathroom, providing students with privacy and convenience. Granite countertops throughout add a touch of luxury to these modern living spaces. Each floor offers a common area designed to foster communication and community among residents. Additionally, every level is equipped with a public washroom and a coin-operated laundry facility for added convenience. The lower level includes a secure bike storage room, catering to the needs of environmentally-conscious students. The property boasts 17 parking spaces located in the back lane, providing ample parking for residents.

Location

Province BC

County Nanaimo, City Of

Area Nanaimo

Zoning COR1

Interior

Heating Baseboard, Hot Water, Natural Gas

Cooling None

Flooring Carpet, Mixed, Tile

Inclusions Electric, Fixtures, Parking

Equipment Security System

Heat Source Baseboard, Hot Water, Natural Gas

Exterior

Exterior Feature Balcony, Balcony/Deck, Low Maintenance Yard, Security System

Parking On Site 1

Utilities Available Cable Available, Cable To Lot, Electricity To Lot, Garbage, Natural Gas To Lot, Phone To Lot, Recycling, Underground Utilities

View Y/N Yes

View City, Mountain(s)

Total Parking Spaces 17

Building

Lot Description Central Location, Easy Access, Landscaped, Level, Recreation Nearby, Shopping Nearby, Sloping, Southern Exposure

Building Description Frame Wood,Insulation All,Insulation: Ceiling,Insulation: Walls, Basement,Bike Storage,Laundry Room,Parking,Security System,Shopping Nearby,Storage Room,Transit Nearby,Visual Exposure

Sewer Sewer Connected

Water Municipal

Structure Type Frame Wood,Insulation All,Insulation: Ceiling,Insulation: Walls

Others

Pets Allowed Yes

Tax ID 028-554-361

Ownership Freehold

Acceptable Financing Clear Title, Must Be Paid Off

Listing Terms Clear Title, Must Be Paid Off

Listed by Sutton Group-West Coast Realty (Nan)

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Sean Carrie

Advisor

+1(250) 884-3498

GET MORE INFORMATION