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438 Wakesiah Ave
Nanaimo British Columbia V9R3K8 Canada

$5,899,000

Active Listing ID 969288
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Multi-family

$5,899,000

Active Listing ID 969288
Save

438 Wakesiah Ave Presenting a unique investment opportunity: an award-winning student housing apartment building located on Vancouver Island. This prime property is situated directly across from Vancouver Island University, ensuring a steady and consistent occupancy rate. The three-level building comprises 25 fully-equipped units, including 13 one-bedroom and 12 two-bedroom apartments. Each unit features its own kitchen and bathroom, providing students with privacy and convenience. Granite countertops throughout add a touch of luxury to these modern living spaces. Each floor offers a common area designed to foster communication and community among residents. Additionally, every level is equipped with a public washroom and a coin-operated laundry facility for added convenience. The lower level includes a secure bike storage room, catering to the needs of environmentally-conscious students. The property boasts 17 parking spaces located in the back lane, providing ample parking for residents. A balcony on the top of the building offers a relaxing outdoor space with stunning views. This student housing complex represents a safe and profitable business venture, thanks to its prime location and high demand. Don't miss this chance to own a prestigious, high-occupancy property in a thriving university area. Measurement is approximate, pls verify if important. If you need information package or book a showing, please contact CO LISTING AGENT ELVIS YIN at elvisrealestatetrade@gmail.com or 672-338-7654 (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: None
  • Heating Systems: Baseboard heaters, Natural gas, Hot Water
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 11/22/2024 6:25:24 PM GMT
Source Updated Date: 11/24/2024 11:11:36 PM GMT

Courtesy of: Sunny Sun, Personal Real Estate Corp, Sutton Group-West Coast Realty (Nan)