Salehian.com 647-325-5000

700 Poplar St

Brechin Hill, Nanaimo, BC, V9S2H6

Listed by Royal LePage Nanaimo Realty (NanIsHwyN)

$3,100,000

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  • 6257 sq ft

Listed 209 days ago · MLS® 1029875

About this home

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. (id:66966)

Details

Type
Multiplex
Size
6257 sq ft
Property tax
$15,474
Neighbourhood
Brechin Hill
Municipality
Nanaimo

Interior

Fireplace
No

Heating, cooling and services

Heating
Natural gas, Hot Water

Building and exterior

Year built
1964

Location

Location is approximate. See nearby homes on the map

Listed by Royal LePage Nanaimo Realty (NanIsHwyN).

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