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103 308 Hillcrest Ave
Na University District NANAIMO V9R 6G6

$579,000
Commercial Sale built: 2018

Main Photo: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 1: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 2: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 3: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 4: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 5: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 6: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 7: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 8: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 9: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 10: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 11: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 12: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 13: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 14: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 15: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 16: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 17: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 18: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 19: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 20: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 21: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 22: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 23: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 24: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 25: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Photo 26: 103 308 Hillcrest Ave in NANAIMO: Na University District Multi Family for sale (Nanaimo)  : MLS®# 832355
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
832355
Year Built:
2018
Investment property: Purpose built student rental housing generating over five percent return (net). New construction student rental housing just 3 city blocks from Vancouver Island University, 1 block from the Aquatic Centre, gym, parks and arena. Easy walk to the Old City Quarter and City Centre. Public transit just steps from the front door. Building has 4 separate, complete student living areas, each with a large bedroom, oversized closet, full ensuite and balcony. Main floor is a shared kitchen, dining and living area with additional 2 piece bathroom, storage and outdoor deck areas. Second and third floors each have separate laundry. Modern interior finishes in neutral colours throughout. Strata title property provides owners with management of the property, including maintenance of the building exterior, landscaping, services and common area maintenance. Rental Disclosure Statement protects the rental of these units.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Year built:
2018 (Age: 2)
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na University District, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Taxes:
Building Features:
Shopping Nearby, Visual Exposure
Ceiling Heights:
Total Building Area:
1,833 sq. ft.
Commercial Area:
Sewer:
Sewer To Lot
Pending Date:
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Legal Description:
Zoning:
COR 2
Units in Building:
Units in Community:
Occupancy:
Tenant
Total Parking Spaces:
0
Total Units:
Date Listed:
Jan 27, 2020
Original Price:
579000.0
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Larger map options:
Listed by NAI Commercial Central Vancouver Island Ltd. and 460 Realty Inc.
Data was last updated September 28, 2020 at 11:10 AM (UTC)
Area Statistics
Listings on market:
74
Avg list price:
$907,500
Min list price:
$139,000
Max list price:
$12,750,000
Avg days on market:
150
Min days on market:
3
Max days on market:
728
These statistics are generated based on the current listing's property type and located in Nanaimo. Average values are derived using median calculations.
WIN MYINT
SANDY LIU