UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 62,378 sqft
Price per Sqft $248
MLS Listing ID 1043620
HOA Y/N No
Annual Tax Amount $89,891
Tax Year 2026
Lot Size 0.930 Acres
Acres 0.93
Property Sub-Type Multi Family
Property Description
64 Suite Apartment Building with a well balanced suite mix featuring a unique 3750 sq ft Penthouse boasting breathtaking views.
Situated in the Brechin Hill neighbourhood, located steps from the scenic seawall and within walking distance to downtown Nanaimo. This property offers investors the opportunity to acquire a large scale apartment building that has been privately owned and managed for over 35 years. Well maintained receiving numerous capital upgrades. Represents a rare opportunity to acquire a property of scale with strong cash flow potential in one of British Columbia's fastest growing municipalities.
Location
Province BC
County Nanaimo, City Of
Community Na Brechin Hill
Area Nanaimo
Zoning R8
Direction CYPRESS GARDEN APARTMENTS
Interior
Heating Baseboard, Electric
Flooring Mixed
Fireplace No
Exterior
Exterior Feature Balcony/Patio
Parking Features On Site
Garage Spaces 64.0
View Y/N true
View Ocean, Other
Street Surface Paved
Total Parking Spaces 64
Garage No
Building
Lot Description Central Location, Landscaped, Marina Nearby, Recreation Nearby, Shopping Nearby
Sewer Sewer Connected
Water Municipal
Others
Ownership Freehold
Acceptable Financing Clear Title
Listing Terms Clear Title