Multi-family for sale
700 Poplar St, Nanaimo
$3,100,000
Features
Year Built
1964
Floor Area
6,257 sqft
Lot Size
19,215 sqft
Gross Property Tax
$15,474 /year
Zoning
R8
Amenities
Balcony/Deck, Balcony/Patio, Parking, Shopping Nearby, Transit Nearby
View
Mountain(s), Ocean
Additional Features
Central Location, Corner, Easy Access, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure
Total no. of Units
14
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.
MLS® Number 1029875