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Dylon Paul

dylon@dylonpaul.ca +1(250) 650-9019

Listed by Lee Robinson Royal LePage Nanaimo Realty (NanIsHwyN)

$ 3,100,000

Est. payment -/mo

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Active

700 Poplar St Nanaimo, BC V9S 2H6

6,257 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,257 sqft

Price per Sqft $495

MLS Listing ID 1029875

HOA Y/N No

Year Built 1964

Annual Tax Amount $15,474

Tax Year 2024

Lot Size 0.440 Acres

Acres 0.44

Property Sub-Type Multi Family

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.

Location

Province BC

County Nanaimo, City Of

Community Na Brechin Hill

Area Nanaimo

Zoning R8

Interior

Heating Hot Water, Natural Gas

Fireplace No

Exterior

Exterior Feature Balcony/Deck, Balcony/Patio

Parking Features On Site

View Y/N Yes

View Mountain(s), Ocean

Garage No

Building

Lot Description Central Location, Corner Lot, Easy Access, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Municipal

Others

Ownership Freehold

Acceptable Financing Must Be Paid Off

Listing Terms Must Be Paid Off

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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