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Listing by Austin Cope Colliers
$3,950,000
Est. payment /mo
23,750 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 23,750 sqft
Price per Sqft $166
MLS Listing ID 1047895
HOA Y/N No
Year Built 1964
Annual Tax Amount $29,814
Tax Year 2025
Lot Size 2.250 Acres
Acres 2.25
Property Sub-Type Multi Family
Property Description
Colliers is pleased to present the opportunity to acquire Country Gardens Apartments, a 19-suite rental complex situated at 664 Bruce Avenue in Nanaimo, British Columbia (the “Property”).
The Property comprises three wood-frame residential buildings on approximately 2.25 acres. It features 19 spacious two-bedroom suites averaging ±1,250 SF, with ground-floor patios, upper-level balconies and in-suite laundry.
Located along Bruce Avenue within walking distance of Vancouver Island University, University Village Mall, parks, schools and public transit, the Property benefits from a central location and strong tenant
fundamentals. The substantial land holding and R6 – Townhouse Residential zoning provide additional long-term redevelopment potential.
The Property offers investors the opportunity to acquire an established multifamily asset with stable
occupancy, rental upside and future development optionality.
The Property comprises three wood-frame residential buildings on approximately 2.25 acres. It features 19 spacious two-bedroom suites averaging ±1,250 SF, with ground-floor patios, upper-level balconies and in-suite laundry.
Located along Bruce Avenue within walking distance of Vancouver Island University, University Village Mall, parks, schools and public transit, the Property benefits from a central location and strong tenant
fundamentals. The substantial land holding and R6 – Townhouse Residential zoning provide additional long-term redevelopment potential.
The Property offers investors the opportunity to acquire an established multifamily asset with stable
occupancy, rental upside and future development optionality.
Location
Province BC
County Nanaimo, City Of
Community Na South Nanaimo
Area Nanaimo
Zoning R6
Interior
Fireplace No
Exterior
Parking Features On Site
Garage Spaces 19.0
View Y/N false
Total Parking Spaces 19
Garage No
Others
Ownership Freehold
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