275 Cypress St
Nanaimo, British Columbia
MLS® 1043620
$15,500,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 1043620
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 11Listing description
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.
Property summary
- MLS® number
- 1043620
- Property type
- Multi-family
- Building type
- Multi-Family
- Title
- Freehold
- Land size
- 0.93 acres
- Annual property taxes
- $89,891.38
- Parking
- 64 spaces
- Days on market
- 42 days
Features & details
- Heating
- Baseboard heaters, Electric
- Lot features
- Central location, Other, Marine Oriented
- View
- Ocean view
What would this home cost you?
Based on the $15,500,000 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 Century 21 Harbour Realty Ltd., 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.