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438 Wakesiah Ave Nanaimo, British Columbia V9R 3K8

14273 sqft

$5,100,000

Investor Alert! Newer award winning building in Nanaimo with consistent very good occupancy in desirable University district of Nanaimo. This is a safe profitable investment perfectly located directly across the street from the Vancouver Island University, a perfect investment for passive income or buyer(s) who wishes to be involved in the ongoing management. Lots of opportunity for expansion for more cash flow. With 27 high end units consisting of 13 single bed and 14 double beds. Perfect for investors looking for employment and an investment at the same time. This 3 floor building is sure to impress with its 5 star high end construction is almost maintenance free for years to come and features such as granite counter tops throughout, quartz tile foyer, modern paint scheme, low-E windows, high efficiency multiple zoned hot water heating system, fully pressurized building, ample outside parking with lane access, separate secured bicycle storage room, on site laundry, 3 large common areas on each floor with own fridge and stoves, huge covered deck and lower patio, wireless high speed internet throughout building, on bus route and features a large office with on-site manger and 24 hr phone support as well as a great website. Building of this stature do not come along often. (id:27633)

Property Details

MLS® Number 443807
Property Type Multi-family
Neigbourhood Z4 University District

Building

Constructed Date 2012
Fireplace Present No
Size Interior 14273 Sqft

Land

Acreage No
Size Frontage 100 Ft
Size Irregular 100 X 100
Size Total Text 100 X 100

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=19724401

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