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$ 3,100,000
Est. payment | /mo
0.44 Acres Lot
$ 3,100,000
Est. payment | /mo
0.44 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Brechin Hill
MLS® Listing ID 1029875
Year Built 1964
Lot Size 0.441 Acres
Acres 19215.0
Property Sub-Type Freehold
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. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Interior
Heating Hot Water,
Exterior
Parking Features No
View Y/N Yes
View Mountain view, Ocean view
Private Pool No
Others
Ownership Freehold
Listed by Royal LePage Nanaimo Realty (NanIsHwyN)
Nearby Locations
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