160 Stewart Ave, Nanaimo, BC V9S 4B9
160 Stewart Ave, Nanaimo, BC V9S 4B9
160 Stewart Ave, Nanaimo, BC V9S 4B9
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Office RE/MAX Generation

Office RE/MAX Generation

+1(250) 812-4950
Listing by Ben Wedge Colliers International (Nan)
$1,940,000
Est. payment /mo
5,775 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,775 sqft

Price per Sqft $335

MLS Listing ID 1031256

HOA Y/N No

Annual Tax Amount $13,922

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Multi Family

Property Description

12 unit apartment building located at 160 Stewart Ave in a Prime Nanaimo location, just 1 block from the waterfront.
This well maintained, three storey property (built in 1966) offers strong investment potential with below market rents and significant upside on tenant turnover.
Minimal immediate capital expenditures required, with a new roof installed in 2019. Situated on an 8,712 sq ft lot and zoned R8 (Medium Density Residential) the property benefits from onsite surface parking and excellent walkability to downtown Nanaimo amenities, services, transit, parks and the waterfront. Located in a quiet, established residential neighbourhood with convenient access to key commercial corridors. Attractive price per door enhances the opportunity seeking stable income with future growth potential.

Location

Province BC

County Nanaimo, City Of

Community Na Brechin Hill

Area Nanaimo

Zoning R8

Interior

Fireplace No

Exterior

Parking Features On Site

View Y/N false

Garage No

Others

Ownership Freehold

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+1(250) 812-4950

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