Address
700 Poplar St, Nanaimo, BC
Price
$ 3,100,000
Property Attributes
- MLS#1029875
- TypeCommercial
- Listing Status Active
- CityNanaimo
- AreaNanaimo
- NeighbourhoodNa Brechin Hill
- Postal CodeV9S 2H6
- StyleMulti Family
- Year Built1964
- Taxes$ 15474
- Price$ 3,100,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6257
- Lot Size0.44 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
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.
General Features
| Sewer | Sewer Connected |
|---|---|
| Heating | Hot Water,Natural Gas |
| Zoning | R8 |
| View | Mountain(s),Ocean |
| Property Subtype | Multi Family |
| Property Type | Commercial Sale |
| Construction Materials | Vinyl Siding |
| Commercial Area | Not Applicable |
| Commercial Listing Type | Building,Land |
Interior Features
| Total Units | 14 |
|---|---|
| Number Of Units In Community | 14 |
| Number Of Units In Building | 14 |
Exterior Features
| Building Features | Parking,Shopping Nearby,Transit Nearby |
|---|---|
| Exterior Features | Balcony/Deck,Balcony/Patio |
| Lot Features | Central Location,Corner,Easy Access,Level,Marina Nearby,Near Golf Course,Recreation Nearby,Serviced,Shopping Nearby,Southern Exposure |
| Water Source | Municipal |
| Foundation | Poured Concrete |
| Building Area Total | 6257.00 |
| Lot Size Square Feet | 19215.00 |
| Lot Size Acres | 0.44 |
| View YN | Yes |
| Parking Onsite YN | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in V9S 2H6
Price
Taxes
Year Built
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