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Listing by Ben Wedge Colliers International (Nan)
$ 1,940,000
Est. payment /mo
Active
160 Stewart Ave Nanaimo, BC V9S 4B9
5,775 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,775 sqft
Price per Sqft $335
MLS Listing ID 1031256
HOA Y/N No
Annual Tax Amount $13,922
Tax Year 2025
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Multi Family
Property Description
12 unit apartment building located at 160 Stewart Ave in a Prime Nanaimo location, just 1 block from the waterfront.
This well maintained, three storey property (built in 1966) offers strong investment potential with below market rents and significant upside on tenant turnover.
Minimal immediate capital expenditures required, with a new roof installed in 2019. Situated on an 8,712 sq ft lot and zoned R8 (Medium Density Residential) the property benefits from onsite surface parking and excellent walkability to downtown Nanaimo amenities, services, transit, parks and the waterfront. Located in a quiet, established residential neighbourhood with convenient access to key commercial corridors. Attractive price per door enhances the opportunity seeking stable income with future growth potential.
This well maintained, three storey property (built in 1966) offers strong investment potential with below market rents and significant upside on tenant turnover.
Minimal immediate capital expenditures required, with a new roof installed in 2019. Situated on an 8,712 sq ft lot and zoned R8 (Medium Density Residential) the property benefits from onsite surface parking and excellent walkability to downtown Nanaimo amenities, services, transit, parks and the waterfront. Located in a quiet, established residential neighbourhood with convenient access to key commercial corridors. Attractive price per door enhances the opportunity seeking stable income with future growth potential.
Location
Province BC
County Nanaimo, City Of
Community Na Brechin Hill
Area Nanaimo
Zoning R8
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Others
Ownership Freehold
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