275 Cypress St, Nanaimo, BC V9S 5J9

$15,500,000

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Courtesy of Century 21 Harbour Realty Ltd.

List Price
$15,500,000
Status
ACTIVE
MLS®
1043620
Property Type
Commercial
Acres
0.93
Lot Size
40,510
District
Nanaimo
Neighbourhood
Na Brechin Hill

Property Description

Cypress Garden Apartments 64 Suite Apartment Building with a well balanced suite mix featuring a unique 3750 sq ft Penthouse boasting breathtaking views. Situated in the Brechin Hill neighbourhood, located steps from the scenic seawall and within walking distance to downtown Nanaimo. This property offers investors the opportunity to acquire a large scale apartment building that has been privately owned and managed for over 35 years. Well maintained receiving numerous capital upgrades. Represents a rare opportunity to acquire a property of scale with strong cash flow potential in one of British Columbia's fastest growing municipalities.

Additional Information

Lot Features
Central Location, Landscaped, Marina Nearby, Recreation Nearby, Shopping Nearby
Heating
Baseboard, Electric
Flooring
Mixed
Parking Spaces
64
Exterior Features
Balcony/Patio
Parking Type
On Site
Taxes
$89,891
Rentals Allowed
Unrestricted

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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