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275 Cypress St, Nanaimo

MLS® #1022254
About this Property

Cypress Garden Apartments. 64 suite apartment building with a well balanced suite mix featuring a unique 3750 sq ft Penthouse boasting breathtaking views. Situated in the Brechin Hill neighbourhood, located steps from the scenic seawall and within walking distance to downtown Nanaimo. This property offers investors the opportunity to acquire a large scale apartment building that has been privately owned and managed for over 35 years. Well maintained receiving numerous capital upgrades. Represents a rare opportunity to acquire a property of scale with strong cash flow potential in one of British Columbia's fastest growing municipalities. (id:62865)

Property Information

Status

Active

Property Type

Multi-Family

Ownership

Freehold

Parking Spaces

64

Annual Tax

$84,944

Zoning

Unknown

Parcel Number

004-533-470

Data Source

Vancouver Island Real Estate Board

Exterior & Lot

Lot Size

0.93 acres

$16,700,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
Listing Courtesy of

Office

Century 21 Harbour Realty Ltd.

Mortgage Calculator
$3,340,000

Loan Amount:

$13,360,000

Estimated Monthly Payment:

$65,105

This is an estimate for informational purposes only. Consult with a financial advisor.