438 Wakesiah Ave, Nanaimo, BC, V9R 3K8

Investment For Sale In Harewood, Nanaimo, British Columbia

$5,899,000

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438 Wakesiah Ave, Nanaimo, BC - Indoor Photo Showing Other Room

438 Wakesiah Ave, Nanaimo, BC - Photo Showing Other Room

438 Wakesiah Ave, Nanaimo, BC - Outdoor With Exterior

438 Wakesiah Ave, Nanaimo, BC - Indoor Photo Showing Bathroom

438 Wakesiah Ave, Nanaimo, BC - Indoor Photo Showing Bedroom

438 Wakesiah Ave, Nanaimo, BC - Indoor Photo Showing Kitchen

438 Wakesiah Ave, Nanaimo, BC - Indoor Photo Showing Laundry Room

438 Wakesiah Ave, Nanaimo, BC - Indoor Photo Showing Basement

438 Wakesiah Ave, Nanaimo, BC - Indoor Photo Showing Kitchen With Double Sink

438 Wakesiah Ave, Nanaimo, BC - Indoor Photo Showing Living Room

438 Wakesiah Ave, Nanaimo, BC - Indoor Photo Showing Office

438 Wakesiah Ave, Nanaimo, BC - Outdoor With View

438 Wakesiah Ave, Nanaimo, BC - Indoor Photo Showing Garage

438 Wakesiah Ave, Nanaimo, BC - Outdoor With Facade

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438 Wakesiah Ave, Nanaimo, BC, V9R 3K8

$5,899,000

Property Information:

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.

Inclusions: Electric,Fixtures,Parking

Property Features:

Annual Tax Amount: $28,849
Building Features: Basement, Bike Storage, Laundry Room, Parking, Security System, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure
Business Type: Accommodation
Construction Materials: Frame Wood, Insulation All, Insulation: Ceiling, Insulation: Walls
Cooling: None
Exterior Features: Balcony, Balcony/Deck, Low Maintenance Yard, Security System
Floor Space (approx): 13264 Square Feet
Flooring: Carpet, Mixed, Tile
Heating: Baseboard, Hot Water, Natural Gas
Inclusions: Electric, Fixtures, Parking
Lot Features: Central Location, Easy Access, Landscaped, Level, Recreation Nearby, Shopping Nearby, Sloped, Southern Exposure
Lot Frontage: 12917 Square Feet
Lot Size: 12917.00 Square Feet
Other Equipment: Security System
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family
Road Frontage Type: Lane
Road Surface Type: Paved
Utilities: Cable Available, Cable Connected, Electricity Connected, Garbage, Natural Gas Connected, Phone Connected, Recycling, Underground Utilities
View: City, Mountain(s)
Water Source: Municipal
Zoning: COR1
Sewer:
No. of Parking Spaces: 17

Courtesy of: Sutton Group-West Coast Realty (Nan), Nu Stream Realty Inc

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 438 Wakesiah Ave, Nanaimo, BC, V9R 3K8

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

20 hot days expected in 2050

Projected Precipitation Risk: High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

29/100

Moderate-Low

ClimateCheck®

Current data

This property, 438 Wakesiah Ave , experiences 7 hot days per year at around 29 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 20 hot days at 31.9 degrees Celsius.

Projected Avg. Temperature

Past

29℃

2050

31.9℃

# 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

14 storms expected in 2050

93/100

High

ClimateCheck®

Current data

This property, 438 Wakesiah Ave , experiences 12 significant 2-day storms per year, with about 569.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 660mm of precipitation per year.

Precipitation Per Storm

Past

569.5mm

2050

660mm

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 438 Wakesiah Ave, Nanaimo, BC, V9R 3K8

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$104,297.88

Average Number of Children

1.78

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.46 %

High school certificate or equivalent

35.25 %

Apprenticeship trade certificate/diploma

9.02 %

College/non-university certificate

15.61 %

University certificate (below bachelor)

0.42 %

University Degree

25.23 %

Commuter

Travel To Work

By Car

84.73 %

By Public Transit

6.99 %

By Walking

6.05 %

By Bicycle

0.06 %

By Other Methods

2.17 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

3.76 %

Houses

96.24 %

Own Vs. Rent

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Property Information:

Property Features:

Market Price Trends

Location of 438 Wakesiah Ave, Nanaimo, BC, V9R 3K8

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 438 Wakesiah Ave, Nanaimo, BC, V9R 3K8

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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