700 Poplar St, NANAIMO

2026-03-27
 

Quick Summary

Location
700 Poplar St, NANAIMO, British Columbia V9S2H6
Price
$3,100,000 CAD
Status:
For Sale
Property Type:
Multi-family
Year of Construction:
1964

MLS®#1029875

Property Description

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. (id:32467)

Property Features

Building

  • Fireplace: No
  • Building Type: Multi-Family

Features

  • Feature: Central location, Level lot, Southern exposure, Corner Site, Other, Marine Oriented

Land

  • Land Size: 19215 sqft

Ownership

  • Type: Freehold

Zoning

  • Description: R8

Information entered by Royal LePage Nanaimo Realty (NanIsHwyN)
Listing information last updated on: 2026-03-27 04:32:13


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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same. Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.

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