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Listing by Barry Calvin Century 21 Harbour Realty Ltd.
$ 16,700,000
Est. payment | /mo
0.93 Acres Lot
$ 16,700,000
Est. payment | /mo
0.93 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1022254
HOA Y/N No
Annual Tax Amount $84,944
Tax Year 2025
Lot Size 0.930 Acres
Acres 0.93
Property Sub-Type Multi Family
Property Description
Cypress Garden Apartments. 64 suite apartment building with a well balanced suite mix featuring a unique 3750 sq ft Penthouse boasting breathtaking views. Situated in the Brechin Hill neighbourhood, located steps from the scenic seawall and within walking distance to downtown Nanaimo. This property offers investors the opportunity to acquire a large scale apartment building that has been privately owned and managed for over 35 years. Well maintained receiving numerous capital upgrades. Represents a rare opportunity to acquire a property of scale with strong cash flow potential in one of British Columbia's fastest growing municipalities.
Location
Province BC
County Nanaimo, City Of
Community Na Brechin Hill
Area Nanaimo
Zoning R8
Interior
Fireplace No
Exterior
Parking Features On Site
Garage Spaces 64.0
View Y/N false
Street Surface Paved
Total Parking Spaces 64
Garage No
Others
Ownership Freehold
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