A unique opportunity to acquire a strata-titled 27-unit apartment building. The suites offer balconies and in-suite laundry. The tenants pay 100% of their own utilities and the property is held in a bare trust.
The subject property is located along Prideaux Street in the “Old City Quarter”. Downtown Nanaimo is less than a ten-minute’s walk away. The Departure Bay ferry terminal is a 10-minutes’ drive away, and the Duke Point ferry terminal is less than 15-minutes away by car. Nanaimo’s central location on Vancouver Island provides an excellent location for many businesses to set up shop. From shipping, tourism, forestry, and other industrial uses, Nanaimo offers a plethora of wideranging employment opportunities. Located less than two hours by ferry from Metro Vancouver (and less than half-an-hour by floatplane), Nanaimo offers the convenience of being within close proximity to Vancouver while also allowing a lifestyle away from a big metropolis. Furthermore, there is a passenger ferry connecting Downtown Nanaimo to Downtown Vancouver is in the works, allowing Nanaimo to be considered a viable suburb of Greater Vancouver.