438 Wakesiah Ave Nanaimo, BC
$ 4,900,000
Property Attributes
  • MLS#884370
  • TypeCommercial
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa University District
  • Postal CodeV9K 3K8
  • StyleMulti Family
  • Year Built2015
  • Taxes$ 1904
  • Price$ 4,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.3 Acres
Listing Provided Courtesy Of:
Sutton Group-West Coast Realty (Nan)
Data Source:
Canada - Vancouver Island Real Estate Board (VIREB) - 445 - CAN
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.

General Features

Business Type Accommodation
Commercial Area Core (excl Downtown)
Commercial Listing Type Building
Construction Materials Cement Fibre, Concrete, Frame Metal, Frame Wood, Glass, Insulation All, Steel Siding
Cooling None
Flooring Carpet, Tile
Heating Hot Water, Natural Gas
Parking Total 17
Property SubType Multi Family
Property Type Commercial Sale
Sewer Sewer Connected
View Mountain(s)
Zoning COR

Interior Features

Number Of Units In Building 25
Total Units 25

Exterior Features

Building Features Basement, Bike Storage, Fire Alarm, Fire Sprinklers, Handicap Facilities, High Traffic Area, Kitchen/Staff Room, Laundry Room, Leasehold Improvements, Parking, Security System, Shopping Nearby, Storage Room
Exterior Features Balcony/Deck, Balcony/Patio, Fenced, Lighting, Low Maintenance Yard, Security System, Sign: Allowed, Sprinkler System, Storefront
Foundation Poured Concrete
Lot Description Central Location, Easy Access, Landscaped, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk, Southern Exposure, Square Lot, See Remarks
Lot Size Acres 0.30
Lot Size Square Feet 12917.00
Parking Onsite Yn Yes
View Yn Yes
Water Source Municipal


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V9K 3K8

AVG $4.9M
AVG $1,904
AVG 77
Year Built
AVG 2015
AVG 44
Data Provided by Walkscore ® not using MLS data

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