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260 Craig St 10 Unit Apartment Building $1,616,257 USD ($161,626 USD/Unit) Nanaimo, BC V9R 3V5
Investment Highlights
- Prime University neighborhood location with strong rental demand
- Recent capital upgrades including new roof and fire safety systems
- Convenient access to VIU, aquatic center, shopping, and transit
- Attractive suite mix: spacious apartments and duplex units
- Below-market rents offering over 50% upside potential
Executive Summary
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
Property Facts
| Price | $1,616,257 USD | Apartment Style | Low-Rise |
| Price Per Unit | $161,626 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| No. Units | 10 | Building Size | 12,537 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1940 |
| Zoning | R6 - Townhouse Residential | ||
| Price | $1,616,257 USD |
| Price Per Unit | $161,626 USD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 12,537 SF |
| No. Stories | 3 |
| Year Built | 1940 |
| Zoning | R6 - Townhouse Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | - |
| 3+2 | 2 | - | - |
1 1
1 of 10
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260 Craig St
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