Listing Details for 438 Wakesiah Ave, Nanaimo - MLS® #884370

Multi-family Multi-Family For Sale 4,900,000

Multi-family Multi-Family For Sale at $4,900,000

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Basic Details

Listing ID
23545240
MLS® Number
884370
Street Address
438 Wakesiah Ave
Street Number
438
Street Name
Wakesiah
City
Nanaimo
Postal Code
V9K3K8
Property Type
Multi-family
Price
4,900,000
Ownership Type
Freehold
Zoning Description
COR
Municipal Id
002-437-988
Neighbourhood
University District
Features
Central location, Level lot, Southern exposure, See remarks, Other, Marine Oriented
Zoning Type
Unknown
View Type
Mountain view
Parking Space Total
17
Plan
VIP1325
More Details...

Property Description

Investor Alert! Beautiful award winning VI University student housing building and student residence business located in Nanaimo BC. This model offers consistent occupancy located directly across road from the University. This is a safe profitable investment for passive income or buyers who wishes to be involved in the ongoing management. Building has available commercial space for expansion for more cash flow or adding extra rooms. There are 37 beds consisting of 13 single bed and 12 double beds rooms. Perfect for investors looking for a business with a strong future growth potential. This 3 floors building is sure to impress with its 5 star high end construction allowing for low maintenance for years to come. Inside and throughout features include granite counter tops in all rooms and areas, quartz tile foyer and common areas, commercial grade materials, modern paint schemes, low-E windows, high efficiency multiple zoned hot water heating system, fully pressurized building, ample paved student parking with lane access, separate secured bicycle storage room, on site coin laundry, 3 large common areas on each floor with own fridge and stoves, huge covered decks on two floors and lower walk out patio, wireless high speed internet throughout building, on bus route and features a large office with onsite manger and 24hr phone support, all newly installed camera security system throughout, as well as a great website. Buildings of this stature do not come along often. All measurements, info and data not to be relied upon and must be verified if important. (id:8145)

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Full Details

Land

Size
12917 sqft
Irregular
12917

Building

Constructed Date
2015
Building Type
Multi-Family
Fire Protection
Fire alarm system, Sprinkler System-Fire
Cooling Type
None
Heating Fuel
Natural gas
Heating Type
Hot Water
Top

Business

Business Business Type
Accommodation
Business Name
GREAT WEST STUDENT RESIDENCES

Listed by Sutton Group-West Coast Realty (Nan)

MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.

Listing information last updated on Wed, 25 Aug 2021 23:04:06 GMT.