Homes for sale - 700 Poplar St, Nanaimo, BC V9S 2H6

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Tim Collins

tim@timcollins.ca +1(250) 900-3001

$3,500,000

Est. payment - /mo

0.44 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1002817

Rental Info Unrestricted

Year Built 1964

Annual Tax Amount $15,474

Tax Year 2024

Lot Size 0.440 Acres

Acres 0.44

Property Sub-Type Multi Family

Property Description

Rare investment opportunity with this well-maintained 14-unit apartment building in a coveted central location. Featuring twelve spacious 1-bedroom units (approx. 700 sq ft) and two 2-bedroom units (approx. 1100 sq ft). Many units enjoy ocean views and the property is ideally located close to all amenities with tenant parking underneath the 2 floors of apartments. Recent updates include a new roof (2020), new siding (2019), and a new building hot water tank (2025). Four units have been renovated in the past 4 years. Built in 1964, the building sits on 3 separately titled city lots totalling over 19,000 sq ft and is zoned R8. Steady income with solid tenants, there is upside as many are long term. Price is plus applicable GST.

Location

Province BC

County Nanaimo, City Of

Area Na Brechin Hill

Interior

Heating Hot Water, Natural Gas

Heat Source Hot Water, Natural Gas

Exterior

Exterior Feature Balcony/Deck, Balcony/Patio

Parking On Site 1

View Y/N Yes

View Mountain(s), Ocean

Building

Lot Description Central Location, Corner, Easy Access, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure

Building Description Vinyl Siding, Parking,Shopping Nearby,Transit Nearby

Foundation Poured Concrete

Sewer Sewer Connected

Water Municipal

Structure Type Vinyl Siding

Others

Pets Allowed Yes

Restrictions None

Tax ID 007-505-906

Ownership Freehold

Acceptable Financing Must Be Paid Off

Listing Terms Must Be Paid Off

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Listed by Royal LePage Nanaimo Realty (NanIsHwyN)

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Tim Collins

+1(250) 900-3001

Agent | License ID: 186058

Agent License ID: 186058

700 Poplar St Nanaimo, BC V9S 2H6

Tim Collins

Key Details

Location

Interior

Exterior

Building

Others

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700 Poplar St