635 Bowen Rd - Apartments FOR SALE


Nanaimo, BC V9R 2A1
$3,250,000 CAD
778-656-5834
635 Bowen Rd, Nanaimo, BC for Sale
$3,250,000 CAD
Apartments - FOR SALE
1/5
null | 4.72% Cap Rate

635 Bowen Rd
Nanaimo, BC V9R 2A1


HIGHLIGHTS

  • Prime half acre lot adjacent to the Bowen Road thoroughfare
  • Recent capital upgrades including roof, hot water tanks, parking lot, and more
  • Well-maintained buildings with upgraded suites, fresh paint, new cabinets, updated flooring, and coin laundry
  • Upgraded units
  • Resurfaced tarmac parking lot
  • New hot water tanks

OVERVIEW

Avison Young is pleased to present Parkside Apartments, a well-maintained and upgraded 14-unit garden-style complex located at 635 Bowen Road in Nanaimo, BC. Situated on a 22,173 sf corner lot, the Property comprises a 10-unit apartment building and a separate fourplex. Benefiting from ongoing capital upgrades and a highly accessible location just off Bowen Road, Parkside Apartments offers strong repositioning potential and long-term upside. This is a compelling value-add opportunity in one of Canada’s fastest-growing regions.

FOR SALE DETAILS

PRICE

$3,250,000 CAD

PRICE/SF

$146 CAD /SF

# OF UNITS

14

PRICE/UNIT

$232,143

CAP RATE

4.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkside Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R8

APN/PARCEL ID

018-181-961

ASK ABOUT THIS PROPERTY

Bijan LaljiAvison YoungMore Info
778-656-5834

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Bijan LaljiAvison YoungMore Info
778-656-5834

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