Multi-family for sale

438 Wakesiah Ave, Nanaimo

$5,899,000 or
$5,899,000 or

Multi-family for sale

438 Wakesiah Ave, Nanaimo

Features

Lifestyle
969288 5899000 /en/multi-family~for-sale~nanaimo/969288?view=Summary /en/multi-family~for-sale~nanaimo/969288/photos 49.1578600000 -123.9607600000 true
Floor Area
13,264 sqft
Lot Size
12,917 sqft
Gross Property Tax
$28,849.30 /year
Zoning
COR1
Amenities
Security System, Balcony, Balcony/Deck, Low Maintenance Yard, Security System, Basement, Bike Storage, Laundry Room, Parking, Security System, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure
View
City, Mountain(s)
Additional Features
Central Location, Easy Access, Landscaped, Level, Recreation Nearby, Shopping Nearby, Sloping, Southern Exposure
Total no. of Units
25
67

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. A balcony on the top of the building offers a relaxing outdoor space with stunning views. This student housing complex represents a safe and profitable business venture, thanks to its prime location and high demand. Don't miss this chance to own a prestigious, high-occupancy property in a thriving university area. Measurement is approximate, pls verify if important
MLS® Number 969288

Listing REALTORS®

Sunny Sun, REALTOR<sup>®</sup>

Sunny Sun

REALTOR®

Sutton Group-West Coast Realty (Nan)

Elvis Yin, REALTOR<sup>®</sup>

Elvis Yin

REALTOR®

Nu Stream Realty Inc

Ken Cui, REALTOR<sup>®</sup>

Ken Cui

REALTOR®

Nu Stream Realty Inc

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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