700 Poplar St
Nanaimo, British Columbia
MLS® 1029875
$3,100,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 1029875
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1964
1 / 43Listing description
Well-maintained 14-unit apartment building in a prime central location offering strong in-place income with clear upside. The suite mix includes twelve spacious 1-bedroom units (approx. 700 sq ft) and two large 2-bedroom units (approx.
1,100 sq ft), many with ocean views. Ideally positioned close to all amenities with covered tenant parking beneath two levels of apartments. Significant recent capital improvements include new roof (2020), siding (2019) and building hot water tank (2025), plus four renovated units in the past 4 years.
Built in 1964 on three separately titled city lots totaling over 19,000 sq ft and zoned R8, presenting future redevelopment or densification potential. Stable tenancy with long-term occupants and room to improve returns. Price is plus applicable GST.
Property summary
- MLS® number
- 1029875
- Property type
- Multi-family
- Building type
- Multi-Family
- Title
- Freehold
- Land size
- 19215 square feet
- Built in
- 1964
- Annual property taxes
- $15,474.00
- Days on market
- 158 days
Features & details
- Heating
- Natural gas, Hot Water
- Lot features
- Central location, Level lot, Southern exposure, Corner Site, Other, Marine Oriented
- View
- Mountain view, Ocean view
What would this home cost you?
Based on the $3,100,000 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 Royal LePage Nanaimo Realty (NanIsHwyN), 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.