1691&1695 Boundary Ave, Nanaimo, BC, V9S 1J8

Investment For Sale In Northfield, Nanaimo, British Columbia

$2,980,000

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1691&1695 Boundary Ave, Nanaimo, BC - Outdoor With View

1691&1695 Boundary Ave, Nanaimo, BC - Outdoor

1691&1695 Boundary Ave, Nanaimo, BC - Outdoor With Exterior

1691&1695 Boundary Ave, Nanaimo, BC - Outdoor With Body Of Water With View

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1691&1695 Boundary Ave, Nanaimo, BC, V9S 1J8

$2,980,000

Property Information:

Colliers is pleased to present for sale a multi-family redevelopment site offering holding income with upside: at 1691 & 1695 Boundary Avenue, Nanaimo. This is an exceptional opportunity to acquire a 24,970 square foot multi-family redevelopment site, featuring two rental apartment buildings with a total of twelve units comprised of Ten 2-bedroom units and Two 1-bedroom units. Key development highlights include: 225 feet of frontage on Boundary Avenue, directly facing the Nanaimo Regional General Hospital; R8 zoning allows for 1.25 FSR plus additional density bonuses; within walking distance to Bowen Road and Island Highway; located in Nanaimo, one of the five fastest growing metropolitans in Canada over the past five years. Key holding income highlights: ideal unit mix for Nanaimo; units are below market for rents; low vacancy rate in Nanaimo; and in immediate proximity to transit

Property Features:

Annual Tax Amount: $13,855
Lot Frontage: 24970 Square Feet
Lot Size: 0.57 Acres
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family
Zoning: R8

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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Location of 1691&1695 Boundary Ave, Nanaimo, BC, V9S 1J8

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, 1691&1695 Boundary Ave , 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, 1691&1695 Boundary Ave , 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 1691&1695 Boundary Ave, Nanaimo, BC, V9S 1J8

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$84,106.11

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.91 %

High school certificate or equivalent

34.91 %

Apprenticeship trade certificate/diploma

7.97 %

College/non-university certificate

19.93 %

University certificate (below bachelor)

2.08 %

University Degree

20.2 %

Commuter

Travel To Work

By Car

82.87 %

By Public Transit

4.26 %

By Walking

10.63 %

By Bicycle

0.68 %

By Other Methods

1.56 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

62.56 %

Houses

37.44 %

Own Vs. Rent

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Property Information:

Property Features:

Location of 1691&1695 Boundary Ave, Nanaimo, BC, V9S 1J8

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 1691&1695 Boundary Ave, Nanaimo, BC, V9S 1J8

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

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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