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Listed by Lee Robinson Royal LePage Nanaimo Realty (NanIsHwyN)
$3,500,000
Est. payment /mo
6,257 SqFt
Active
700 Poplar St Nanaimo, BC V9S 2H6
Additional details
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,257 sqft
Price per Sqft $559
MLS Listing ID 1002817
HOA Y/N No
Year Built 1964
Annual Tax Amount $15,474
Tax Year 2024
Lot Size 0.440 Acres
Property Sub-Type Multi Family
Property Description
Rare investment opportunity with this well-maintained 14-unit apartment building in a coveted central location. Featuring twelve spacious 1-bedroom units (approx. 700 sq ft) and two 2-bedroom units (approx. 1100 sq ft). Many units enjoy ocean views and the property is ideally located close to all amenities with tenant parking underneath the 2 floors of apartments. Recent updates include a new roof (2020), new siding (2019), and a new building hot water tank (2025). Four units have been renovated in the past 4 years. Built in 1964, the building sits on 3 separately titled city lots totalling over 19,000 sq ft and is zoned R8. Steady income with solid tenants, there is upside as many are long term. Price is plus applicable GST.
Location
Province BC
County Nanaimo, City Of
Community Na Brechin Hill
Area Nanaimo
Interior
Heating Hot Water, Natural Gas
Exterior
Exterior Feature Balcony/Deck, Balcony/Patio
View Y/N Yes
View Mountain(s), Ocean
Garage No
Building
Lot Description Central Location, Corner Lot, Easy Access, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Municipal
Locker No
Others
Ownership Freehold
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