438 Wakesiah Avenue Nanaimo, BC V9R 3K8
Listing Courtesy of:  CREA / Sutton Group-West Coast Realty (nan)

  438 Wakesiah Avenue Nanaimo, BC V9R 3K8

Active (20 Days)
$5,899,000
13,264
SQFT

Description

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. A balcony on the top of the building offers a relaxing outdoor space with stunning views. This student housing complex represents a safe and profitable business venture, thanks to its prime location and high demand. Don't miss this chance to own a prestigious, high-occupancy property in a thriving university area. Measurement is approximate, pls verify if important (id:41440)

MLS®:
969288
Lot Size
0.3 acres
Type
Multifamily
Views
Mountain View, City View
County
Nanaimo

Listed By

Sunny Sun, Sutton Group-West Coast Realty (nan)
Source
CREA
Last checked Jul 22 2024 at 5:42 PM GMT+0000
Bathroom Details
Lot Information
  • Other
  • Sloping
  • Southern Exposure
  • Level Lot
  • Central Location
Heating and Cooling
  • Hot Water
  • Natural Gas
  • Baseboard Heaters
  • None
Parking
  • Total: 17
Location
   
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Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 7/22/24 10:42