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Listing by Cody Dreger 460 Realty Inc. (NA)
$4,135,000
Est. payment /mo
3,460 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,460 sqft
Price per Sqft $1,195
MLS Listing ID 1046970
HOA Y/N No
Annual Tax Amount $7,207
Tax Year 2025
Property Sub-Type Multi Family
Property Description
Brand-new pair fourplex on a quiet no-through street in North Nanaimo, one block from Woodgrove Centre. Two R5-zoned lots (42,546 sf combined) each hold a new 4-unit building — 8 self-contained 2-bed/2-bath suites, individually metered, with quartz counters, heat pumps, and radon mitigation. Built by Alair Homes, designed by Carma Design Group, Step Code 3. Steps from Home Depot, Real Canadian Superstore, and quick access to the Nanaimo Parkway, with noise-mitigating fencing keeping the site quiet. Nanaimo's rental vacancy sits at just 2.9%, with new supply down 40% year-over-year — a landlord's market. Projected market rent $2,750/unit/month; stabilized NOI $196,458; Full appraisal, drawings, and subdivision plan available on request.
Location
State BC
County Nanaimo, City Of
Community Na Pleasant Valley
Area Nanaimo
Interior
Heating Heat Pump
Cooling None
Flooring Carpet, Mixed
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Building
Lot Description Central Location, Easy Access, Private, Quiet Area, Shopping Nearby
Foundation Concrete Perimeter
Sewer Sewer Available
Water Municipal
Others
Ownership Freehold
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Nearby School & Business