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438 Wakesiah Ave Nanaimo, British Columbia V9R 3K8

None Baseboard Heaters, Hot Water

$5,899,000

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:52782)

Business

Business Type Accommodation
Name Cold Moon Student House

Property Details

MLS® Number 969288
Property Type Multi-family
Neigbourhood University District
Features Central Location, Level Lot, Southern Exposure, Sloping, Other
Parking Space Total 17
Plan Vip88789
View Type City View, Mountain View

Building

Cooling Type None
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Hot Water
Size Exterior 13264 Sqft
Type Multi-family

Land

Acreage No
Size Irregular 12917
Size Total 12917 Sqft
Size Total Text 12917 Sqft
Zoning Description Cor1
Zoning Type Unknown

https://www.realtor.ca/real-estate/27116139/438-wakesiah-ave-nanaimo-university-district

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