700 Poplar St, Nanaimo, BC V9S 2H6
- $3,100,000
Courtesy of Royal LePage Nanaimo Realty (NanIsHwyN)
- List Price
- $3,100,000
- Status
- ACTIVE
- MLS®
- 1029875
- Property Type
- Commercial
- Year Built
- 1964
- Stories
- 2
- Acres
- 0.44
- Lot Size
- 19,215
- District
- Nanaimo
- Neighbourhood
- Na Brechin Hill
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.
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Additional Information
- Lot Features
- Central Location, Corner Lot, Easy Access, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure
- Heating
- Hot Water, Natural Gas
- Exterior Features
- Balcony/Deck, Balcony/Patio
- Parking Type
- On Site
- Taxes
- $15,474
- Rentals Allowed
- Unrestricted
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