Address
275 Cypress St, Nanaimo, BC
Price
$ 15,500,000
Property Attributes
  • MLS#1043620
  • TypeCommercial
  • Listing Status Active
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Brechin Hill
  • Postal CodeV9S 5J9
  • StyleMulti Family
  • Taxes$ 89891
  • Price$ 15,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage62378
  • Lot Size0.93 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
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.

General Features

Sewer Sewer Connected
Heating Baseboard,Electric
Zoning R8
View Ocean,Other
Business Type Accommodation
Business Name CYPRESS GARDEN APARTMENTS
Property Subtype Multi Family
Property Type Commercial Sale
Parking Total 64
Commercial Area Not Applicable
Commercial Listing Type Building

Interior Features

Flooring Mixed
Total Units 1
Number Of Units In Building 64

Exterior Features

Building Features Elevator: Passenger,Fire Sprinklers,Laundry Room,Shopping Nearby,Transit Nearby,See Remarks
Exterior Features Balcony/Patio
Lot Features Central Location,Landscaped,Marina Nearby,Recreation Nearby,Shopping Nearby
Water Source Municipal
Building Area Total 62378.00
Lot Size Square Feet 40510.80
Lot Size Acres 0.93
View YN Yes
Parking Onsite YN Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V9S 5J9

Price
AVG $15.5M
$15.5M
Taxes
AVG $89,891
$89,891
Visits
AVG 13
10
Data Provided by Inside Real Estate®

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