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 Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Year built:
1964
(Age: 62)
Lease Type:
Sale of Assets
Listing General Location:
Na Brechin Hill, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
19,215 sq. ft.1,785 m2
Building Features:
Parking, Shopping Nearby, Transit Nearby
Construction:
Vinyl Siding
Foundation:
Concrete Perimeter
Number of Storeys:
2
Total Building Area:
6,257 sq. ft.581 m2
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Hot Water, Natural Gas
Fireplace:
No
Balcony/Deck, Balcony/Patio
Mountain(s), Ocean
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Zoning:
R8
Legal Non-Conformance:
No
Occupancy:
Tenant
Lot Site Features:
Central Location, Corner Lot, Easy Access, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure
Data was last updated March 27, 2026 at 08:05 AM (UTC)
Area Statistics
Listings on market:
102
Avg list price:
$1,197,450
Min list price:
$23
Max list price:
$25,000,000
Avg days on market:
101
Min days on market:
8
Max days on market:
702
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.