Active
438 Wakesiah Ave
Nanaimo BC, V9R 3K8
$5,899,000
$444.74 per sqft
Active
13,264 sqft
Commercial
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.
969288
MLSⓇ ID
July 2, 2024
Listed
October 14, 2024
Updated
Map
438 Wakesiah Ave
Nanaimo BC, V9R 3K8
Interior Features
Floor Description
Carpet, Mixed, Tile
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard, Hot Water, Natural Gas
Exterior/Building Features
Lot Size
0.3 Acres
Exterior Features
Balcony, Balcony/Deck, Low Maintenance Yard, Security System
Lot Features
Central Location, Easy Access, Landscaped, Level, Recreation Nearby, Shopping Nearby, Sloped, Southern Exposure
Sewer
Sewer Connected
Other Property Details
Area Name
Nanaimo
Taxes
$28,849
Tax Frequency
Annually
Days on Market
1
Garage
No
Parking
On Site
Parking Total
17
View
Yes
View Description
City, Mountain(s)
County
Nanaimo, City of
Water Source
Municipal
Pool
No
Zoning
COR1
Courtesy of Sutton Group-West Coast Realty (Nan), Sunny Sun
Listing Contact: 250-797-9382
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