Property Attributes
- MLS#1046970
- TypeCommercial
- Listing Status Active
- CityNanaimo
- AreaNanaimo
- NeighbourhoodNa Pleasant Valley
- Postal CodeV9T 6B9
- StyleMulti Family
- Taxes$ 7207
- Price$ 4,135,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3460
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property Description
Brand-new pair fourplex on a quiet no-through street in North Nanaimo, one block from Woodgrove Centre. Two R5-zoned lots (42,546 sf combined) each hold a new 4-unit building — 8 self-contained 2-bed/2-bath suites, individually metered, with quartz counters, heat pumps, and radon mitigation. Built by Alair Homes, designed by Carma Design Group, Step Code 3. Steps from Home Depot, Real Canadian Superstore, and quick access to the Nanaimo Parkway, with noise-mitigating fencing keeping the site quiet. Nanaimo's rental vacancy sits at just 2.9%, with new supply down 40% year-over-year — a landlord's market. Projected market rent $2,750/unit/month; stabilized NOI $196,458; Full appraisal, drawings, and subdivision plan available on request.
General Features
| Sewer | Sewer Available |
|---|---|
| Heating | Heat Pump |
| Cooling | None |
| Property Subtype | Multi Family |
| Property Type | Commercial Sale |
| Construction Materials | Insulation All,Vinyl Siding,Wood |
| Commercial Area | Other |
| Commercial Listing Type | Building |
Interior Features
| Flooring | Carpet,Mixed |
|---|---|
| Total Units | 4 |
Exterior Features
| Lot Features | Central Location,Easy Access,Private,Quiet Area,Shopping Nearby |
|---|---|
| Water Source | Municipal |
| Foundation | Poured Concrete |
| Building Area Total | 3460.00 |
| Lot Size Square Feet | 0.00 |
| Lot Size Acres | 0.00 |
| 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
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