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Royal LePage
Royal LePage
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$16,700,000
QuickQuoteTM: Not Available

Nanaimo BC, V9S 5J9

MLS® # 1022254

Property Information:

Cypress Garden Apartments. 64 suite apartment building with a well balanced suite mix featuring a unique 3750 sq ft Penthouse boasting breathtaking views. Situated in the Brechin Hill neighbourhood, located steps from the scenic seawall and within walking distance to downtown Nanaimo. This property offers investors the opportunity to acquire a large scale apartment building that has been privately owned and managed for over 35 years. Well maintained receiving numerous capital upgrades. Represents a rare opportunity to acquire a property of scale with strong cash flow potential in one of British Columbia's fastest growing municipalities. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Road access
  • Irregular: Yes
  • Lot Size: 0.93 Acres
  • Zoning: R8
  • Zoning Type: Unknown
  • No. of Parking Spaces: 64

Courtesy of: Century 21 Harbour Realty Ltd., Colliers

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 275 Cypress St, Nanaimo, British Columbia, V9S 5J9

Demographic Information of 275 Cypress St, Nanaimo, British Columbia, V9S 5J9

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$88,321.53

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.81 %

High school certificate or equivalent

30.91 %

Apprenticeship trade certificate/diploma

10.11 %

College/non-university certificate

21.43 %

University certificate (below bachelor)

2.97 %

University Degree

21.78 %

Commuter

Travel To Work

By Car

78.87 %

By Public Transit

6.03 %

By Walking

8.2 %

By Bicycle

0.37 %

By Other Methods

6.53 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

55.9 %

Houses

44.1 %

Own Vs. Rent

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