Nanaimo, BC V9R3K8 438 Wakesiah Ave
$5,899,000
57 more
Presented By: Sutton Group-West Coast Realty (Nan)
Home Details
Presenting a unique investment opportunity: an award-winning student housing apartment building located on Vancouver Island. This prime property is situated directly across from Vancouver Island University, ensuring a steady and consistent occupancy rate. The three-level building comprises 25 fully-equipped units, including 13 one-bedroom and 12 two-bedroom apartments. Each unit features its own kitchen and bathroom, providing students with privacy and convenience. Granite countertops throughout add a touch of luxury to these modern living spaces. Each floor offers a common area designed to foster communication and community among residents. Additionally, every level is equipped with a public washroom and a coin-operated laundry facility for added convenience. The lower level includes a secure bike storage room, catering to the needs of environmentally-conscious students. The property boasts 17 parking spaces located in the back lane, providing ample parking for residents. A balcony on the top of the building offers a relaxing outdoor space with stunning views. This student housing complex represents a safe and profitable business venture, thanks to its prime location and high demand. Don't miss this chance to own a prestigious, high-occupancy property in a thriving university area. Measurement is approximate, pls verify if important (id:7434)
Presented By: Sutton Group-West Coast Realty (Nan)
Interior Features for 438 Wakesiah Ave
Other Interior Features
Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeBaseboard heaters, Hot Water
General for 438 Wakesiah Ave
Building Cooling TypeNone
Building TypeMulti-Family
Business TypeAccommodation
FeaturesCentral location, Level lot, Southern exposure, Sloping, Other
NeighbourhoodUniversity District
Ownership TypeFreehold
Parking Space Total17
Property TypeMulti-family
Zoning DescriptionCOR1
ZoningTypeUnknown
Exterior for 438 Wakesiah Ave
ViewTypeCity view, Mountain view
Additional Details
Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty