664 Bruce Ave, Nanaimo, BC V9R 3Y7
664 Bruce Ave, Nanaimo, BC V9R 3Y7
664 Bruce Ave, Nanaimo, BC V9R 3Y7
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Office RE/MAX Generation

Office RE/MAX Generation

+1(250) 294-6683
Listing by Austin Cope Colliers
$3,950,000
Est. payment /mo
23,750 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 23,750 sqft

Price per Sqft $166

MLS Listing ID 1047895

HOA Y/N No

Year Built 1964

Annual Tax Amount $29,814

Tax Year 2025

Lot Size 2.250 Acres

Acres 2.25

Property Sub-Type Multi Family

Property Description

Colliers is pleased to present the opportunity to acquire Country Gardens Apartments, a 19-suite rental complex situated at 664 Bruce Avenue in Nanaimo, British Columbia (the “Property”).
The Property comprises three wood-frame residential buildings on approximately 2.25 acres. It features 19 spacious two-bedroom suites averaging ±1,250 SF, with ground-floor patios, upper-level balconies and in-suite laundry.
Located along Bruce Avenue within walking distance of Vancouver Island University, University Village Mall, parks, schools and public transit, the Property benefits from a central location and strong tenant
fundamentals. The substantial land holding and R6 – Townhouse Residential zoning provide additional long-term redevelopment potential.
The Property offers investors the opportunity to acquire an established multifamily asset with stable
occupancy, rental upside and future development optionality.

Location

Province BC

County Nanaimo, City Of

Community Na South Nanaimo

Area Nanaimo

Zoning R6

Interior

Fireplace No

Exterior

Parking Features On Site

Garage Spaces 19.0

View Y/N false

Total Parking Spaces 19

Garage No

Others

Ownership Freehold

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+1(250) 294-6683

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202-3440 Douglas St, Victoria, V8Z 3L5, Canada

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