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Krista Voitchovsky

krista.voitchovsky@engelvoelkers.com +1(250) 888-3256

Listed by Lee Robinson Royal LePage Nanaimo Realty (NanIsHwyN)

$ 3,500,000

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 $559

MLS Listing ID 1002817

HOA Y/N No

Year Built 1964

Annual Tax Amount $15,474

Tax Year 2024

Lot Size 0.440 Acres

Property Sub-Type Multi Family

Property Description

Rare investment opportunity with this well-maintained 14-unit apartment building in a coveted central location. Featuring twelve spacious 1-bedroom units (approx. 700 sq ft) and two 2-bedroom units (approx. 1100 sq ft). Many units enjoy ocean views and the property is ideally located close to all amenities with tenant parking underneath the 2 floors of apartments. Recent updates include a new roof (2020), new siding (2019), and a new building hot water tank (2025). Four units have been renovated in the past 4 years. Built in 1964, the building sits on 3 separately titled city lots totalling over 19,000 sq ft and is zoned R8. Steady income with solid tenants, there is upside as many are long term. Price is plus applicable GST.

Location

Province BC

County Nanaimo, City Of

Community Na Brechin Hill

Area Nanaimo

Interior

Heating Hot Water, Natural Gas

Exterior

Exterior Feature Balcony/Deck, Balcony/Patio

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

Locker No

Others

Ownership Freehold

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Krista Voitchovsky

+1(250) 888-3256

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