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438 Wakesiah Ave
Na University District
Nanaimo
V9R 3K8
$5,899,000
Commercial Sale
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 969288
- Photos (62)
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Presenting a unique investment opportunity: an award-winning student housing apartment building located on Vancouver Island. This prime property is situated directly across from Vancouver Island University, ensuring a steady and consistent occupancy rate. The three-level building comprises 25 fully-equipped units, including 13 one-bedroom and 12 two-bedroom apartments. Each unit features its own kitchen and bathroom, providing students with privacy and convenience. Granite countertops throughout add a touch of luxury to these modern living spaces. Each floor offers a common area designed to foster communication and community among residents. Additionally, every level is equipped with a public washroom and a coin-operated laundry facility for added convenience. The lower level includes a secure bike storage room, catering to the needs of environmentally-conscious students. The property boasts 17 parking spaces located in the back lane, providing ample parking for residents.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building
- Lease Type:
- Sale Of Shares
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- Na University District, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 12,917 sq. ft.1,200 m2
- Taxes:
- Signup
- Building Features:
- Basement, Bike Storage, Laundry Room, Parking, Security System, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure
- Construction:
- Frame Wood, Insulation All, Insulation: Ceiling, Insulation: Walls
- Electricity:
- Yes
- Ceiling Heights:
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- Floor finish:
- Carpet, Mixed, Tile
- Total Building Area:
- 13,264 sq. ft.1,232 m2
- Commercial Area:
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- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Baseboard, Hot Water, Natural Gas
- Fireplace:
- No
- Pending Date:
- Signup
- Electric, Fixtures, Parking
- Balcony, Balcony/Deck, Low Maintenance Yard, Security System
- City, Mountain(s)
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Units in Building:
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- Units in Community:
- Signup
- Other Equipment:
- Security System
- Occupancy:
- Tenant
- Utilities:
- Cable Available, Cable Connected, Electricity Connected, Garbage, Natural Gas Connected, Phone Connected, Recycling, Underground Utilities
- Lot Site Features:
- Central Location, Easy Access, Landscaped, Level, Recreation Nearby, Shopping Nearby, Sloped, Southern Exposure
- Parking Features:
- On Site
- Total Parking Spaces:
- 17
- Road Frontage Type:
- Lane
- Road Surface Type:
- Paved
- Date Listed:
- Jul 02, 2024
- Original Price:
- 5899000.0
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Listed by Sutton Group-West Coast Realty (Nan) and Nu Stream Realty Inc
Data was last updated November 23, 2024 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 100
- Avg list price:
- $1,143,625
- Min list price:
- $23
- Max list price:
- $11,500,000
- Avg days on market:
- 77
- Min days on market:
- 2
- Max days on market:
- 536
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations.
- Ken Welte
- Sutton Group West Coast Realty
- (250) 751 5630
- WelteGroup@gmail.com
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board.
The information is from sources deemed reliable, but should not be relied upon without independent verification.