438 Wakesiah Ave, NANAIMO

2024-07-02
 

Quick Summary

Location
438 Wakesiah Ave, NANAIMO, British Columbia V9R3K8
Price
$5,899,000 CAD
Status:
For Sale
Property Type:
Multi-family

MLS®#969288

Property Description

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. A balcony on the top of the building offers a relaxing outdoor space with stunning views. This student housing complex represents a safe and profitable business venture, thanks to its prime location and high demand. Don't miss this chance to own a prestigious, high-occupancy property in a thriving university area. Measurement is approximate, pls verify if important (id:32467)

Property Features

Building

  • Cooling Type: None
  • Fireplace: No
  • Building Type: Multi-Family

Features

  • Feature: Central location, Level lot, Southern exposure, Sloping, Other

Land

  • Land Size: 12917 sqft

Ownership

  • Type: Freehold

Zoning

  • Description: COR1

Information entered by Sutton Group-West Coast Realty (Nan)
Listing information last updated on: 2024-07-03 17:41:58


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