438 Wakesiah Ave, Nanaimo

$5,899,000 |   MLS® Number  969288

Multi-family for sale in Nanaimo, University District, 438 Wakesiah Ave, 969288 | Realtylink.org

Multi-family for sale

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

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