Multi-family for sale
931 Crace St, Nanaimo
$2,700,000
Features
Year Built
1928
Floor Area
9,637 sqft
Lot Size
12,936 sqft
Gross Property Tax
$10,374 /year
Amenities
Basement, Bike Storage, Laundry Room, Parking, Shopping Nearby, Transit Nearby
View
City, Mountain(s), Ocean
Additional Features
Central Location, Easy Access, Marina Nearby, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk
Total no. of Units
10
Description
Well-maintained 10-unit rental apartment building at the edge of Nanaimo’s harbour and downtown core. Located at 931 Crace Street, the property offers immediate access to Port Place Mall and the new Hullo foot passenger ferry with 70-minute service to downtown Vancouver. The unit mix includes 7 one-bedroom units, 2 two-bedroom, and 1 three-bedroom. This unique character building is being offered at a strong cap rate although there is still significant upside potential upon tenant turnover. Situated in a growing, gentrifying neighbourhood, this is an excellent opportunity to acquire a solid income property with long-term growth potential. More information available.
MLS® Number 1012926