438 Wakesiah Ave, Nanaimo, BC V9K 3K8

$4,900,000

Courtesy of Sutton Group-West Coast Realty (Nan)

List Price
$4,900,000
MLS® #
884370
Acres
0.3
Year Built
2015
Subdivision
Na University District

Property Description

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.

Additional Information

Lot Size
12,917
Lot Features
View - Mountain, Road - Paved, Central location, Easy Access, Landscaped, Level Lot, Marina Nearby, Golf Course Nearby, Recreational, Shopping Nearby, Sidewalk, Southern Exp, Serviced, Square Lot
Parking Type
On Site
Heating
Hot Water, Natural Gas
Cooling
None
Office Name
Sutton Group-West Coast Realty (Nan)

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Listing content Copyright 2021 Vancouver Island Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.