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
| Address |
438 Wakesiah Ave |
| List Price |
$5,899,000 |
| Property Type |
Commercial Sale |
| Type of Dwelling |
Multi Family |
| Area |
Nanaimo |
| Sub-Area |
Na University District |
| Lot Size |
12917 Sq. Ft. |
| MLS® Number |
969288 |
| Listing Brokerage |
Sutton Group-West Coast Realty (Nan)
| Nu Stream Realty Inc
|
| Postal Code |
V9R 3K8 |
| Tax Amount |
$28,849 |
| Tax Year |
2023 |
| Features |
Baseboard, Carpet, Hot Water, Mixed, Natural Gas, Security System, Tile |
| Amenities |
Balcony, Balcony/Deck, Central Location, Easy Access, Landscaped, Level, Low Maintenance Yard, Recreation Nearby, Security System, Shopping Nearby, Sloped, Southern Exposure |
