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Carly Carey

Realtor®

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Vancouver Island Communities
Nanaimo
1420 Estevan Rd
Sold
1 of 29 - 1420 Estevan Rd, Nanaimo, BC Save the listing
2 of 29 - 1420 Estevan Rd, Nanaimo, BC
3 of 29 - 1420 Estevan Rd, Nanaimo, BC
4 of 29 - 1420 Estevan Rd, Nanaimo, BC
5 of 29 - 1420 Estevan Rd, Nanaimo, BC
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1420 Estevan Rd, Nanaimo, BC

$3,450,000

0.23

Acres

About 1420 Estevan Rd

5.34% CAP RATE with upside. 16-unit rental apartment. This is an excellent passive income property and an attractive suite mix: 2 bachelor units, 11 one-bedroom units, and 3 two-bedrooms units. Overlooking Departure Bay, 1420 Estevan Road features ocean views and is within an area coveted for its walk-ability to Terminal Avenue Shopping Centre, Departure Bay Ferry Terminal, downtown and Stewart Avenue marinas. Below market rents providing the purchaser with great upside opportunity upon tenant turnover. Contact listing agents for further information

Commercial Sale home for sale in Nanaimo, BC at 1420 Estevan Rd.

Features of 1420 Estevan Rd

MLS® # 976431
Price $3,450,000
Sold Price $3,215,000
Acres 0.23
Year Built 1971
Type Commercial Sale
Sub-Type Multi Family
Status Closed

Community Information: Nanaimo

Address 1420 Estevan Rd
Area Na Central Nanaimo
City Nanaimo
County Nanaimo, City of
Province BC
Postal Code V9S 3Y4

Amenities of 1420 Estevan Rd

Is Waterfront No
Has Pool No

Interior of 1420 Estevan Rd

Fireplace No

Additional Information On 1420 Estevan Rd

Date Listed September 10th, 2024
Date Sold January 15th, 2025
Days on Market 66
Zoning R8

Map To 1420 Estevan Rd, Nanaimo

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