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IDX / Reciprocity

438 WAKESIAH AVE
Z4 University District NANAIMO V9R 3K8

$4,900,000
Building And Land built: 2012

Main Photo: 438 WAKESIAH AVE in NANAIMO: Z4 University District Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 458882
Photo 1: 438 WAKESIAH AVE in NANAIMO: Z4 University District Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 458882
Photo 2: 438 WAKESIAH AVE in NANAIMO: Z4 University District Building And Land for sale (Zone 4 - Nanaimo)  : MLS®# 458882
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Status:
Active
Prop. Type:
Building And Land
MLS® Num:
458882
Bus Major:
Multi-Family
Investor Alert! Newer award winning University student housing building in Nanaimo with consistent occupancy in directly across road from the VIU. This is a safe profitable investment perfectly located directly across the Street from the University, a perfect investment for passive income or buyer who wishes to be involved in the ongoing management. Lots of opportunity for expansion for more cash flow, with 25 high end units consisting of 13 single bed and 12 double beds rooms. Perfect for investors looking for employment and an investment at the same time. This 3 floors building is sure to impress with its 5 star high end construction is almost maintenance free for years to come and features such as granite counter tops throughout, quartz tile foyer, modern paint scheme, low-E windows, high efficiency multiple zoned hot water heating system, fully pressurized building, ample outside parking with lane access, separate secured bicycle storage room, on site laundry, 3 large common areas on each floor with own fridge and stoves, huge covered deck and lower patio, wireless high speed Internet throughout building, on bus route and features a large office with on-site manger and 24 hr phone support, full camera security system, as well as a great website. Buildings of this stature do not come along often. All info/data not to be relied upon and must be verified if important.
Total Floor Area:
14,273 sq. ft.
Year Built:
2012
Lot Frontage:
100'
Lot Depth:
130'
Lot Shape:
Lease Operational Costs per Sq Ft:
Unit Rentable Area:
Property Type:
Building And Land
Title:
Freehold
Major Business Type:
Multi-Family
Business Name:
Multi-Family Type:
Industrial Type:
Restrictions:
Land And Services:
Date Listed:
Previous Price:
Original Price:
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Larger map options:
Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated November 15, 2019 at 09:10 PM (UTC)
Area Statistics
Listings on market:
36
Avg list price:
$1,049,950
Min list price:
$399,900
Max list price:
$4,900,000
Avg days on market:
176
Min days on market:
3
Max days on market:
800
Avg price per sq.ft.:
$133.12
These statistics are generated based on the current listing's property type and located in Zone 4 - Nanaimo. Average values are derived using median calculations.
WIN MYINT
SANDY LIU