FSBO; 17 unit apartment; Nanaimo, BC, 2.3 mil

ID: 2057 Price: $2,300,000


Contact Information
Name: David Elderfield
E-mail: Send email
Home Phone: 403 250-3771 x.222
Cell Phone: 403 860-7086

Please no agency

Major Intersection: Glenayr Drive and Wingrove Street
2829 Glenayr Drive
Nanaimo, British Columbia, V9S 3T6

Property Profile
Property Type: Building
Property Style: Apartment
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Kitchen(s): 0

Possession Date: n/a
Next Open House Date: n/a
General Information
Property Size: 16850 sq.ft.
Lot Size: 1.2 acres
Property Age: 47
Municipal Taxes: 14100
Maintenance Fees: 0
Owner's Description
Well maintained 17 suite APARTMENT BUILDING in one of the fastest growing areas of British Columbia. Owner lives in a beautiful top floor SUPERSUITE with 4 bedrooms that could be changed into two separate 2-bedroom apartments for increased revenues.

Fully occupied since May, 2002, with ten separate 1-bedroom apartments and six 2-bedroom apartments all coming due for rent increases. EVERY apartment has a FANTASTIC 150° ocean view looking out across the Strait of Juan de Fuca towards Bowen Island and the mainland. This building is in a quiet residential area with no other multi-family dwellings nearby. Perfectly situated it is 15 minutes from downtown and 10 minutes from the Island’s biggest mall and a 5 minute WALK from the beach.

This building will continue to accrue value well into the future and pay its way getting there. Owner is looking forward to retiring to warmer climes and fun with grandkids.
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