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Nanaimo, BC V9S 1J8,1691&1695 Boundary Ave
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Nanaimo, BC V9S 1J8,1691&1695 Boundary Ave
Nanaimo, BC V9S 1J8,1691&1695 Boundary Ave
Nanaimo, BC V9S 1J8,1691&1695 Boundary Ave
Nanaimo, BC V9S 1J8,1691&1695 Boundary Ave
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John Cooper

John Cooper

+1(250) 619-9207
$ 2,880,000
Est. payment /mo
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Price Dropped by $100K

1691&1695 Boundary Ave Nanaimo, BC V9S 1J8

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 980176

Rental Info Unrestricted

Annual Tax Amount $13,855

Tax Year 2024

Lot Size 0.570 Acres

Acres 0.57

Property Sub-Type Multi Family

Property Description

Colliers is pleased to present for sale a multi-family redevelopment site offering holding income with upside: at 1691 & 1695 Boundary Avenue, Nanaimo. This is an exceptional opportunity to acquire a 24,970 square foot multi-family redevelopment site, featuring two rental apartment buildings with a total of twelve units comprised of Ten 2-bedroom units and Two 1-bedroom units. Key development highlights include: 225 feet of frontage on Boundary Avenue, directly facing the Nanaimo Regional General Hospital; R8 zoning allows for 1.25 FSR plus additional density bonuses; within walking distance to Bowen Road and Island Highway; located in Nanaimo, one of the five fastest growing metropolitans in Canada over the past five years. Key holding income highlights: ideal unit mix for Nanaimo; units are below market for rents; low vacancy rate in Nanaimo; and in immediate proximity to transit

Location

Province BC

County Nanaimo, City Of

Area Na Central Nanaimo

Zoning R8

Exterior

Parking On Site 1

Others

Tax ID 003-909-549

Ownership Freehold

Listed by Colliers International (Nan)
agent

John Cooper

Agent | License ID: 1184085

+1(250) 619-9207

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