438 Wakesiah Ave Active Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9R 3K8
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 969288
Rental Info Unrestricted
Annual Tax Amount $28,849
Tax Year 2023
Lot Size 0.300 Acres
Acres 0.3
Property Description
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.
Location
Province BC
County Nanaimo, City Of
Area Nanaimo
Zoning COR1
Interior
Heating Baseboard,Hot Water,Natural Gas
Cooling None
Flooring Carpet,Mixed,Tile
Inclusions Electric,Fixtures,Parking
Equipment Security System
Heat Source Baseboard,Hot Water,Natural Gas
Exterior
Exterior Feature Balcony,Balcony/Deck,Low Maintenance Yard,Security System
Parking On Site 1
Utilities Available Cable Available,Cable To Lot,Electricity To Lot,Garbage,Natural Gas To Lot,Phone To Lot,Recycling,Underground Utilities
View Y/N Yes
View City,Mountain(s)
Total Parking Spaces 17
Building
Lot Description Central Location,Easy Access,Landscaped,Level,Recreation Nearby,Shopping Nearby,Sloping,Southern Exposure
Building Description Frame Wood,Insulation All,Insulation: Ceiling,Insulation: Walls, Basement,Bike Storage,Laundry Room,Parking,Security System,Shopping Nearby,Storage Room,Transit Nearby,Visual Exposure
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood,Insulation All,Insulation: Ceiling,Insulation: Walls
Others
Pets Allowed Yes
Tax ID 028-554-361
Ownership Freehold
Acceptable Financing Clear Title,Must Be Paid Off
Listing Terms Clear Title,Must Be Paid Off