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31 Robarts St 6 Unit Apartment Building $1,008,234 USD ($168,039 USD/Unit) Nanaimo, BC V9R 2S3
Investment Highlights
- Fully renovated 6-unit apartment building in Nanaimo
- Quick access to Departure Bay & Duke Point ferry terminals
- Ideal for investors seeking stable income in a growing market
- Prime location near Downtown, just 10-min walk
- Close to Port Place Shopping Centre & daily amenities
Executive Summary
To acquire a fully-renovated, 6-unit apartment building in Nanaimo, BC located within close proximity of downtown.
Originally built in 1948 and completely renovated in 2018, this two-storey building features 6 residential rental suites. Parking is provided at the side of the building and each suite has its own exterior entrance. Each suite contains a double stainless-steel kitchen sink and 4-piece bathroom. Each suite is supplied with hot water from a separate, 151 L (39.88 Gal) gas-fired hot water tank; each of which are located on the ground floor (within the laundry room or part basement). The laundry room has one washer connection. The property has 100 amp service, with a 60 amp sub-panel (metered) to each unit. The building has a brand new roof
Originally built in 1948 and completely renovated in 2018, this two-storey building features 6 residential rental suites. Parking is provided at the side of the building and each suite has its own exterior entrance. Each suite contains a double stainless-steel kitchen sink and 4-piece bathroom. Each suite is supplied with hot water from a separate, 151 L (39.88 Gal) gas-fired hot water tank; each of which are located on the ground floor (within the laundry room or part basement). The laundry room has one washer connection. The property has 100 amp service, with a 60 amp sub-panel (metered) to each unit. The building has a brand new roof
Property Facts
| Price | $1,008,234 USD | Apartment Style | Low-Rise |
| Price Per Unit | $168,039 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 6 | Building Size | 6,000 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1948 |
| Zoning | R15 - Old City Medium Density Residential | ||
| Price | $1,008,234 USD |
| Price Per Unit | $168,039 USD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,000 SF |
| No. Stories | 1 |
| Year Built | 1948 |
| Zoning | R15 - Old City Medium Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
Walk Score®
Walker's Paradise (95)
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31 Robarts St
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