31 Robarts Street
31 Robarts Street
- 31 Robarts Street, Nanaimo, BC
- 31 Robarts Street, Nanaimo, BC
- Cap rate
- 3.65%
- Zoning
- R15
- PID
- 000-194-654
- Legal description
- Parcel A Block 16 Plan VIP584 Section 1 Land District 32 (DD 34796N) of Lots 11 & 12
To acquire a fully-renovated, 6-unit apartment building in
Nanaimo, BC located within close proximity of downtown.
Originally built in 1948 and completely renovated in 2018, this two-storey
building features 6 residential rental suites. Parking is provided at the side
of the building and each suite has its own exterior entrance.
Each suite contains a double stainless-steel kitchen sink and 4-piece
bathroom. Each suite is supplied with hot water from a separate, 151 L
(39.88 Gal) gas-fired hot water tank; each of which are located on the
ground floor (within the laundry room or part basement). The laundry room
has one washer connection. The property has 100 amp service, with a 60
amp sub-panel (metered) to each unit. The building has a brand new roof.
The subject property is located along Robarts Street in
Nanaimo. The property is conveniently located less than a
ten minutes’ walk to Downtown Nanaimo. 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. The Port Place Shopping Centre is a 4-minute
drive, and offers a Thrifty Foods grocery store, London
Drugs, BC Liquor Store, and a number of other shops and
services. 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 wide-ranging 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.