116 Prideaux St Unit ##101-309, Nanaimo, BC V9T 2T6

$6,000,000

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Courtesy of eXp Realty (NA)

List Price
$6,000,000
Status
ACTIVE
MLS®
1039946
Property Type
Commercial
Year Built
1981
Acres
0.41
Lot Size
17,630
District
Nanaimo
Neighbourhood
Na Old City

Property Description

Rare opportunity to acquire a fully occupied portfolio of 27 strata-titled condominium units under single ownership in the heart of Nanaimo. Unlike traditional apartment buildings, each unit has its own legal title and PID number, providing exceptional flexibility for future disposition, refinancing or continued operation as a rental portfolio. The property has benefited from ongoing capital improvements and features elevator service, storage lockers, on-site laundry facilities and separate hydro metering. Opportunities to acquire a multifamily asset of this scale with individually titled units are exceptionally rare on Vancouver Island. A compelling investment offering stable occupancy, proven income history and multiple avenues for future value creation. Financial information available to qualified purchasers upon execution of a Confidentiality Agreement.

Additional Information

Parking Spaces
24
Exterior Features
Balcony/Deck
Parking Type
On Site
Taxes
$33,017
Rentals Allowed
Unrestricted

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Calculator source: Real Geeks

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