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438 Wakesiah Ave in Nanaimo: Na University District Multi Family for sale : MLS®# 969288

438 Wakesiah Ave Nanaimo V9R 3K8 : Na University District

Main Photo: 438 Wakesiah Ave in Nanaimo: Na University District Multi Family for sale : MLS®# 969288
$5,899,000
Prop. Type:
Commercial Sale
MLS® Num:
969288
Status:
Active
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.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Lease Type:
Sale Of Shares
Listing General Location:
Na University District, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
Switch units of measure12,917 sq. ft.
Building Features:
Basement, Bike Storage, Laundry Room, Parking, Security System, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure
Construction:
Frame Wood, Insulation All, Insulation: Ceiling, Insulation: Walls
Electricity:
Yes
Floor finish:
Carpet, Mixed, Tile
Total Building Area:
Switch units of measure13,264 sq. ft.
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Baseboard, Hot Water, Natural Gas
Fireplace:
No
Electric, Fixtures, Parking
Balcony, Balcony/Deck, Low Maintenance Yard, Security System
City, Mountain(s)
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Zoning:
COR1
Other Equipment:
Security System
Occupancy:
Tenant
Utilities:
Cable Available, Cable Connected, Electricity Connected, Garbage, Natural Gas Connected, Phone Connected, Recycling, Underground Utilities
Lot Site Features:
Central Location, Easy Access, Landscaped, Level, Recreation Nearby, Shopping Nearby, Sloped, Southern Exposure
Parking Features:
On Site
Total Parking Spaces:
17
Road Frontage Type:
Lane
Road Surface Type:
Paved
Business Name:
Cold Moon Student House
Business Type:
Accommodation
Date Listed:
Jul 02, 2024
Original Price:
5899000.0
Listed by Sutton Group-West Coast Realty (Nan) and Nu Stream Realty Inc
Data was last updated December 22, 2024 at 08:05 PM (UTC)
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.