260 Craig St - Apartments FOR SALE


Nanaimo, BC V9R 3V5
$2,200,000 CAD
250-740-1060
260 Craig St, Nanaimo, BC for Sale
$2,200,000 CAD
Apartments - FOR SALE
1/9
null | Request Cap Rate

260 Craig St
Nanaimo, BC V9R 3V5


HIGHLIGHTS

  • Prime University neighborhood location with strong rental demand
  • Attractive suite mix: spacious apartments and duplex units
  • Recent capital upgrades including new roof and fire safety systems
  • Below-market rents offering over 50% upside potential
  • Convenient access to VIU, aquatic center, shopping, and transit

OVERVIEW

Colliers is pleased to bring to market this 10-unit rental property featuring an attractive suite mix of eight spacious 2 bed 2 bath apartments and a separate duplex offering two large 3 bed 2 bath units. Owned by the same family since 1993, the property has been thoughtfully cared for with major recent capital upgrades, including a new roof and modernized fire safety systems. This asset represents a rare opportunity to acquire a well-built building with over 50% upside in rents - in one of Canada’s fastest growing municipalities

FOR SALE DETAILS

PRICE

$2,200,000 CAD

PRICE/SF

$175 CAD /SF

# OF UNITS

10

PRICE/UNIT

$220,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,800 SF

ZONING

R6

APN/PARCEL ID

008-751-731

ASK ABOUT THIS PROPERTY

Sterling ClerxColliersMore Info
250-740-1060

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Sterling ClerxColliersMore Info
250-740-1060

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