101-309 116 Prideaux St
Nanaimo, British Columbia
MLS® 1039946
$6,000,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 1039946
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1981
1 / 41Listing 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.
Property summary
- MLS® number
- 1039946
- Property type
- Multi-family
- Building type
- Multi-Family
- Title
- Freehold
- Land size
- 17630 square feet
- Built in
- 1981
- Annual property taxes
- $33,017.00
- Parking
- 24 spaces
- Days on market
- 81 days
What would this home cost you?
Based on the $6,000,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of eXp Realty (NA), Nanaimo.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.