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Listing by Brad Archibald Colliers International (Nan)
$ 2,500,000
Est. payment /mo
Active
931 Crace St Nanaimo, BC V9R 2T4
9,637 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,637 sqft
Price per Sqft $259
MLS Listing ID 1027940
HOA Y/N No
Year Built 1928
Annual Tax Amount $10,053
Tax Year 2025
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Multi Family
Property Description
5.53% CAP RATE. 10-unit rental apartment building plus 3 storage rental units at the edge of Nanaimo's harbour and downtown core. An opportunity to acquire a well-maintained property in one of Nanaimo's growing and gentrifying neighborhoods, with significant upside in the existing rents. The location of 931 Crace Street provides immediate access to Port Place Mall; as well as the new Hullo foot passenger ferry connecting downtown Vancouver and Nanaimo in only 70-minutes. Mix of 8 one-bedroom units, 1 two-bedroom unit, and 1 three-bedroom unit. Below market rents providing the purchaser with great upside opportunity upon tenant turnover. Contact Listing Agents for more information
Location
Province BC
County Nanaimo, City Of
Community Na Old City
Area Nanaimo
Zoning R8
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Street Surface Paved
Garage No
Others
Restrictions ALR: No
Ownership Freehold
Nearby School & Business
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