Address
116 Prideaux St # 101-309, Nanaimo, BC
Price
$ 6,000,000
Property Attributes
  • MLS#1039946
  • TypeCommercial
  • Listing Status Active
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Old City
  • Postal CodeV9T 2T6
  • StyleMulti Family
  • Year Built1981
  • Taxes$ 33017
  • Price$ 6,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage21000
  • Lot Size0.41 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property Description

Rare opportunity to acquire a fully occupied portfolio of 27 strata-titled condominium units under single ownership in the heart of Nanaimo. Unlike traditional apartment buildings, each unit has its own legal title and PID number, providing exceptional flexibility for future disposition, refinancing or continued operation as a rental portfolio. The property has benefited from ongoing capital improvements and features elevator service, storage lockers, on-site laundry facilities and separate hydro metering. Opportunities to acquire a multifamily asset of this scale with individually titled units are exceptionally rare on Vancouver Island. A compelling investment offering stable occupancy, proven income history and multiple avenues for future value creation. Financial information available to qualified purchasers upon execution of a Confidentiality Agreement.

General Features

Sewer Sewer To Lot
Zoning DT8
View Other
Property Subtype Multi Family
Property Type Commercial Sale
Parking Total 24
Commercial Area Other
Commercial Listing Type Building,Land

Interior Features

Total Units 27

Exterior Features

Building Features Shopping Nearby,Visual Exposure
Exterior Features Balcony/Deck
Building Area Total 21000.00
Lot Size Square Feet 17630.00
Lot Size Acres 0.41
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 V9T 2T6

Price
AVG $6M
$6M
Taxes
AVG $33,017
$33,017
Year Built
AVG 1981
1981
Visits
AVG 500
499
Data Provided by Inside Real Estate®

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