Address
116 Prideaux St # 101-309, Nanaimo, BC
Price
$ 6,000,000
Property Attributes
- MLS#1039946
- TypeCommercial
- Listing Status Active
- CityNanaimo
- AreaNanaimo
- NeighbourhoodNa Old City
- Postal CodeV9T 2T6
- StyleMulti Family
- Year Built1981
- Taxes$ 33017
- Price$ 6,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage21000
- Lot Size0.41 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property Description
Rare opportunity to acquire a fully occupied portfolio of 27 strata-titled condominium units under single ownership in the heart of Nanaimo. Unlike traditional apartment buildings, each unit has its own legal title and PID number, providing exceptional flexibility for future disposition, refinancing or continued operation as a rental portfolio. The property has benefited from ongoing capital improvements and features elevator service, storage lockers, on-site laundry facilities and separate hydro metering. Opportunities to acquire a multifamily asset of this scale with individually titled units are exceptionally rare on Vancouver Island. A compelling investment offering stable occupancy, proven income history and multiple avenues for future value creation. Financial information available to qualified purchasers upon execution of a Confidentiality Agreement.
General Features
| Sewer | Sewer To Lot |
|---|---|
| Zoning | DT8 |
| View | Other |
| Property Subtype | Multi Family |
| Property Type | Commercial Sale |
| Parking Total | 24 |
| Commercial Area | Other |
| Commercial Listing Type | Building,Land |
Interior Features
| Total Units | 27 |
|---|
Exterior Features
| Building Features | Shopping Nearby,Visual Exposure |
|---|---|
| Exterior Features | Balcony/Deck |
| Building Area Total | 21000.00 |
| Lot Size Square Feet | 17630.00 |
| Lot Size Acres | 0.41 |
| 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 V9T 2T6
Price
Taxes
Year Built
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