6,257 sqft

$3,100,000

700 Poplar St, Nanaimo BC, V9S 2H6

Price per sqftC$495.45

Built in1964

Property size6,257 sqft

Property typeCommercial

Courtesy of Royal LePage Nanaimo Realty (NanIsHwyN)

Overview

Active

Listed Mar 24, 2026

Updated May 29

Well-maintained 14-unit apartment building in a prime central location offering strong in-place income with clear upside. The suite mix includes twelve spacious 1-bedroom units (approx. 700 sq ft) and two large 2-bedroom units (approx. 1,100 sq ft), many with ocean views. Ideally positioned close to all amenities with covered tenant parking beneath two levels of apartments. Significant recent capital improvements include new roof (2020), siding (2019) and building hot water tank (2025), plus four renovated units in the past 4 years. Built in 1964 on three separately titled city lots totaling over 19,000 sq ft and zoned R8, presenting future redevelopment or densification potential. Stable tenancy with long-term occupants and room to improve returns. Price is plus applicable GST.

Additional information

MLS^® ID: 1029875

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.44 Acres

Other Property Details

Taxes: $15,474
Tax Frequency: Annually
View: Yes

Courtesy of Royal LePage Nanaimo Realty (NanIsHwyN), Lee Robinson

Listing Contact: 250-327-8988

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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Charlie Parker Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Reciprocity Program