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Royal LePage
Royal LePage
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$3,500,000

Nanaimo BC, V9S 2H6

MLS® # 1002817

Property Information:

Rare investment opportunity with this well-maintained 14-unit apartment building in a coveted central location. Featuring twelve spacious 1-bedroom units (approx. 700 sq ft) and two 2-bedroom units (approx. 1100 sq ft). Many units enjoy ocean views and the property is ideally located close to all amenities with tenant parking underneath the 2 floors of apartments. Recent updates include a new roof (2020), new siding (2019), and a new building hot water tank (2025). Four units have been renovated in the past 4 years. Built in 1964, the building sits on 3 separately titled city lots totalling over 19,000 sq ft and is zoned R8. Steady income with solid tenants, there is upside as many are long term. Price is plus applicable GST.

Property Features:

  • Annual Tax Amount: $15,474
  • Building Features: Parking, Shopping Nearby, Transit Nearby
  • Built in: 1964
  • Construction Materials: Vinyl Siding
  • Exterior Features: Balcony/Deck, Balcony/Patio
  • Floor Space (approx): 6257 Square Feet
  • Foundation Details: Concrete Perimeter
  • Heating: Hot Water, Natural Gas
  • Lot Features: Central Location, Corner Lot, Easy Access, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure
  • Lot Frontage: 19215 Square Feet
  • Lot Size: 19215.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • View: Mountain(s)
  • Water Source: Municipal
  • Sewer:

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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⚠ Potential Investment Performance

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Location of 700 Poplar St, Nanaimo, BC, V9S 2H6

Demographic Information of 700 Poplar St, Nanaimo, BC, V9S 2H6

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$98,283.10

Average Number of Children

1.44

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.11 %

High school certificate or equivalent

29.86 %

Apprenticeship trade certificate/diploma

11.74 %

College/non-university certificate

24.72 %

University certificate (below bachelor)

1.16 %

University Degree

20.42 %

Commuter

Travel To Work

By Car

81.14 %

By Public Transit

6.4 %

By Walking

6.34 %

By Bicycle

2.58 %

By Other Methods

3.54 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

32.98 %

Houses

67.02 %

Own Vs. Rent

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