1420 Estevan Rd, Nanaimo, BC, V9S 3Y4

MLS® # 976431

Investment For Sale In Newcastle, Nanaimo, British Columbia

$3,450,000

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1420 Estevan Rd, Nanaimo, BC - Outdoor With View

1420 Estevan Rd, Nanaimo, BC - Outdoor With Exterior

1420 Estevan Rd, Nanaimo, BC - Outdoor With Body Of Water With View

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1420 Estevan Rd, Nanaimo, BC, V9S 3Y4

$3,450,000

Property Information:

5.34% CAP RATE with upside. 16-unit rental apartment. This is an excellent passive income property and an attractive suite mix: 2 bachelor units, 11 one-bedroom units, and 3 two-bedrooms units. Overlooking Departure Bay, 1420 Estevan Road features ocean views and is within an area coveted for its walk-ability to Terminal Avenue Shopping Centre, Departure Bay Ferry Terminal, downtown and Stewart Avenue marinas. Below market rents providing the purchaser with great upside opportunity upon tenant turnover. Contact listing agents for further information

Property Features:

Annual Tax Amount: $18,279
Built in: 1971
Lot Features: Central Location, Easy Access, Shopping Nearby
Lot Frontage: 10015 Square Feet
Lot Size: 10015.00 Square Feet
Ownership: Freehold
Parking Features: On Site
Property Condition: Updated/Remodeled
Property Sub Type: Multi Family
Road Surface Type: Paved
Water Source: Municipal
Zoning: R8
Sewer:

Courtesy of: Colliers International (Nan)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Market Price Trends

Location of 1420 Estevan Rd, Nanaimo, BC, V9S 3Y4

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

19 hot days expected in 2050

Projected Precipitation Risk: High

15 storms expected in 2050

Projected Heat Risk: Moderate-Low

19 hot days expected in 2050

25/100

Moderate-Low

ClimateCheck®

Current data

This property, 1420 Estevan Rd , experiences 7 hot days per year at around 28.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 19 hot days at 31.4 degrees Celsius.

Projected Avg. Temperature

Past

28.6℃

2050

31.4℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

15 storms expected in 2050

98/100

High

ClimateCheck®

Current data

This property, 1420 Estevan Rd , experiences 13 significant 2-day storms per year, with about 733.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 15 significant 2-day storms with 841.4mm of precipitation per year.

Precipitation Per Storm

Past

733.1mm

2050

841.4mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1420 Estevan Rd, Nanaimo, BC, V9S 3Y4

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$99,395.39

Average Number of Children

1.48

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.91 %

High school certificate or equivalent

28.65 %

Apprenticeship trade certificate/diploma

15.13 %

College/non-university certificate

21.31 %

University certificate (below bachelor)

2.27 %

University Degree

21.73 %

Commuter

Travel To Work

By Car

80.73 %

By Public Transit

4.66 %

By Walking

6.21 %

By Bicycle

2.34 %

By Other Methods

6.06 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.36 %

Houses

78.64 %

Own Vs. Rent

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Property Information:

Property Features:

Market Price Trends

Location of 1420 Estevan Rd, Nanaimo, BC, V9S 3Y4

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 1420 Estevan Rd, Nanaimo, BC, V9S 3Y4

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

1420 Estevan Rd, Nanaimo, BC, V9S 3Y4

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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