42 Prideaux St - Apartments FOR SALE


Nanaimo, BC V9R 2M4
$8,300,000 CAD
250-414-8378
42 Prideaux St, Nanaimo, BC for Sale
$8,300,000 CAD
Apartments - FOR SALE
1/2
null | Request Cap Rate

42 Prideaux St
Nanaimo, BC V9R 2M4


HIGHLIGHTS

  • Minimal immediate capex and renovations required. Updated vinyl windows and sliding doors.
  • Multiple units have views of the Pacific Ocean and the downtown waterfront.
  • Significant rental upside upon tenant turnover with minimal renovations required.
  • Walking distance to grocery stores, cafes, restaurants, bars and easily accessible via transit.

OVERVIEW

Colliers is pleased to offer for sale a 100% interest in 42 Prideaux Street, a well-maintained 39-unit apartment building with below market rents centrally located in Nanaimo BC.

FOR SALE DETAILS

PRICE

$8,300,000 CAD

PRICE/SF

$287 CAD /SF

# OF UNITS

39

PRICE/UNIT

$212,821

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

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,918 SF

ZONING

R8

APN/PARCEL ID

008-803-315,008-803-323

ASK ABOUT THIS PROPERTY

John FayadColliersMore Info
250-414-8378

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John FayadColliersMore Info
250-414-8378

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.