$5,899,000

Investment For Sale In Harewood, Nanaimo, British Columbia

$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
  • 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
  • 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:

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.