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Listing by Brad Archibald Colliers International (Nan)
$ 1,450,000
Est. payment /mo
Active
525 Townsite Rd #1 - 5 Nanaimo, BC V9S 1K9
3,771 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,771 sqft
Price per Sqft $384
MLS Listing ID 1027947
HOA Y/N No
Year Built 1993
Annual Tax Amount $6,810
Tax Year 2025
Lot Size 0.670 Acres
Acres 0.67
Property Sub-Type Multi Family
Property Description
Five (5) One-bedroom ocean view strata titled units for sale. A rare opportunity to acquire a multi-family property in a central Nanaimo location, with significant upside in the existing rents. This property is strata titled allowing for the sale of individual units if desired. 525 Townsite Road provides a future owner with the ability to hold the property and increase rents, or sell the units on an individual basis. Current pricing represents a 4.39% cap rate and $290,000 per unit. Contact listing agents for further information.
Location
Province BC
County Nanaimo, City Of
Community Na Central Nanaimo
Area Nanaimo
Zoning R8
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Street Surface Paved
Garage No
Building
Lot Description Central Location, Easy Access, Shopping Nearby
Sewer Sewer Connected
Water Municipal
Others
Restrictions ALR: No
Ownership Freehold/Strata
Special Listing Condition Updated/Remodeled
Nearby School & Business
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