Multi-family for sale
101-309 116 Prideaux St, Nanaimo
$6,000,000
Features
Year Built
1981
Floor Area
21,000 sqft
Lot Size
17,630 sqft
Gross Property Tax
$33,017 /year
Zoning
DT8
Amenities
Balcony/Deck, Shopping Nearby, Visual Exposure
View
Other
Total no. of Units
27
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.
MLS® Number 1039946