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Listed by Kristie Haz eXp Realty (NA)
$ 6,000,000
Est. payment /mo
New
116 Prideaux St ##101-309 Nanaimo, BC V9T 2T6
21,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 21,000 sqft
Price per Sqft $285
MLS Listing ID 1039946
HOA Y/N No
Year Built 1981
Annual Tax Amount $33,017
Tax Year 2025
Lot Size 0.410 Acres
Acres 0.41
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire a fully occupied portfolio of 27 strata-titled condominium units under single ownership in the heart of Nanaimo. Unlike traditional apartment buildings, each unit has its own legal title and PID number, providing exceptional flexibility for future disposition, refinancing or continued operation as a rental portfolio. The property has benefited from ongoing capital improvements and features elevator service, storage lockers, on-site laundry facilities and separate hydro metering. Opportunities to acquire a multifamily asset of this scale with individually titled units are exceptionally rare on Vancouver Island. A compelling investment offering stable occupancy, proven income history and multiple avenues for future value creation. Financial information available to qualified purchasers upon execution of a Confidentiality Agreement.
Location
Province BC
County Nanaimo, City Of
Community Na Old City
Area Nanaimo
Zoning DT8
Interior
Fireplace No
Exterior
Exterior Feature Balcony/Deck
Parking Features On Site
Garage Spaces 24.0
Utilities Available Cable Connected
View Y/N Yes
View Other
Total Parking Spaces 24
Garage No
Building
Sewer Sewer To Lot
Others
Ownership Freehold
Acceptable Financing See Remarks
Listing Terms See Remarks
Nearby Locations
Vancouver Island Neighbourhoods
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