438 Wakesiah Ave, Nanaimo, BC
$4,900,000
Acres
About 438 Wakesiah Ave
Award winning building in Nanaimo with consistent occupancy directly across from the Nananimo Vancouver Island University. This is a safe & profitable student residences business and building. University student housing is recession resistant passive income investment perfect for the buyer who wishes to be involved in the ongoing management. Building offers up 25 high end housing units consisting of 13 single bed & 12 double bed units. This 3 floor building is sure to impress with its 5 star quality construction & low maintenance for years to come with features such as granite counter tops throughout, quartz tile entrance foyer, modern paint scheme, low-E windows, economical multi zoned hot water heating system, pressurized building, student parking w/lane access, separate bike storage, onsite laundry, security cameras all areas & more! A perfect growth investment opportunity. All measurements, info and data not to be relied upon and must be verified if important.
Commercial Sale home for sale in Nanaimo, BC at 438 Wakesiah Ave.
Features of 438 Wakesiah Ave
| MLS® # | 884370 |
|---|---|
| Price | $4,900,000 |
| Sold Price | $4,850,000 |
| Acres | 0.30 |
| Year Built | 2015 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Closed |
| View | Mountain(s) |
Community Information: Nanaimo
| Address | 438 Wakesiah Ave |
|---|---|
| Area | Na University District |
| City | Nanaimo |
| County | Nanaimo, City of |
| Province | BC |
| Postal Code | V9K 3K8 |
Amenities of 438 Wakesiah Ave
| Utilities | Cable To Lot, Electricity To Lot, Garbage, Natural Gas To Lot, Phone To Lot, Recycling, Underground Utilities, See Remarks |
|---|---|
| Parking Spaces | 17 |
| View | Mountain(s) |
| Is Waterfront | No |
| Has Pool | No |
Interior of 438 Wakesiah Ave
| Heating | Hot Water, Natural Gas |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 3 |
Exterior of 438 Wakesiah Ave
| Exterior Features | Balcony/Deck, Balcony/Patio, Fenced, Lighting, Low Maintenance Yard, Security System, Sign: Allowed, Sprinkler System, Storefront |
|---|---|
| Construction | Cement Fibre, Concrete, Frame Metal, Frame Wood, Glass, Insulation All, Steel Siding |
| Foundation | Poured Concrete |
Additional Information On 438 Wakesiah Ave
| Date Listed | August 16th, 2021 |
|---|---|
| Date Sold | January 6th, 2022 |
| Days on Market | 112 |
| Zoning | COR |