$5,899,000
438 Wakesiah Ave Nanaimo, BC V9R3K8
Save Share 
Schedule a Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
See all 62 photos
62 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$5,899,000
Est. payment /mo
0.3 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision University District
MLS® Listing ID 969288
Originating Board Vancouver Island Real Estate Board
Lot Size 0.297 Acres
Acres 12917.0
Property Description
Presenting a unique investment opportunity: an award-winning student housing apartment building located on Vancouver Island. This prime property is situated directly across from Vancouver Island University, ensuring a steady and consistent occupancy rate. The three-level building comprises 25 fully-equipped units, including 13 one-bedroom and 12 two-bedroom apartments. Each unit features its own kitchen and bathroom, providing students with privacy and convenience. Granite countertops throughout add a touch of luxury to these modern living spaces. Each floor offers a common area designed to foster communication and community among residents. Additionally, every level is equipped with a public washroom and a coin-operated laundry facility for added convenience. The lower level includes a secure bike storage room, catering to the needs of environmentally-conscious students. The property boasts 17 parking spaces located in the back lane, providing ample parking for residents. A balcony on the top of the building offers a relaxing outdoor space with stunning views. This student housing complex represents a safe and profitable business venture, thanks to its prime location and high demand. Don't miss this chance to own a prestigious, high-occupancy property in a thriving university area. Measurement is approximate, pls verify if important (id:24570)
Location
Province BC
Zoning Unknown
Interior
Heating Baseboard heaters, Hot Water,
Cooling None
Exterior
Garage No
Waterfront No
View Y/N Yes
View City view, Mountain view
Total Parking Spaces 17
Private Pool No
Others
Ownership Freehold
Read Less Info
Listed by Sutton Group-West Coast Realty (Nan)
Filters Reset
Save Search
0 Properties
Filters Reset
Save Search
0 Properties
GET MORE INFORMATION