101-309 116 Prideaux St, Nanaimo
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. (id:62865)
Status
Active
Year Built
1981
Property Type
Multi-Family
Ownership
Freehold
Parking Spaces
24
Annual Tax
$33,017
Zoning
Unknown
Data Source
Vancouver Island Real Estate Board
Lot Size
17630.0 sqft
$6,000,000
Office
eXp Realty (NA)
Loan Amount:
$4,800,000
Estimated Monthly Payment:
$23,391
This is an estimate for informational purposes only. Consult with a financial advisor.
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