1420 Estevan Rd, Nanaimo, BC V9S 3Y4 – 976431 - John Cooper

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John Cooper

john@johncooper.ca +1(250) 619-9207

$ 3,450,000

Est. payment -/mo

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1420 Estevan Rd Nanaimo, BC V9S 3Y4

10,018 Sqft Lot

UPDATED:

10/09/2024 09:32 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 976431

Rental Info Unrestricted

Year Built 1971

Annual Tax Amount $18,279

Tax Year 2024

Lot Size 10,018 Sqft

Acres 0.23

Property Description

5.34% CAP RATE with upside. 16-unit rental apartment. This is an excellent passive income property and an attractive suite mix: 2 bachelor units, 11 one-bedroom units, and 3 two-bedrooms units. Overlooking Departure Bay, 1420 Estevan Road features ocean views and is within an area coveted for its walk-ability to Terminal Avenue Shopping Centre, Departure Bay Ferry Terminal, downtown and Stewart Avenue marinas. Below market rents providing the purchaser with great upside opportunity upon tenant turnover. Contact listing agents for further information

Location

Province BC

County Nanaimo, City Of

Area Na Central Nanaimo

Zoning R8

Exterior

Parking On Site 1

Building

Lot Description Central Location, Easy Access, Shopping Nearby

Sewer Sewer Connected

Water Municipal

Others

Restrictions ALR: No

Tax ID 003-915-182

Ownership Freehold

Listed by Colliers International (Nan)

John Cooper

Agent | License ID: 1184085

+1(250) 619-9207

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