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42 Prideaux St 39 Unit Apartment Building $5,981,465 USD ($153,371 USD/Unit) Nanaimo, BC V9R 2M4
INVESTMENT HIGHLIGHTS
- Minimal immediate capex and renovations required. Updated vinyl windows and sliding doors.
- Significant rental upside upon tenant turnover with minimal renovations required.
- Multiple units have views of the Pacific Ocean and the downtown waterfront.
- Walking distance to grocery stores, cafes, restaurants, bars and easily accessible via transit.
EXECUTIVE SUMMARY
Colliers is pleased to offer for sale a 100% interest in 42 Prideaux Street, a well-maintained 39-unit apartment building with below market rents centrally located in Nanaimo BC.
PROPERTY FACTS
| Price | $5,981,465 USD | Apartment Style | Low-Rise |
| Price Per Unit | $153,371 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.64 AC |
| No. Units | 39 | Building Size | 28,950 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1975 |
| Zoning | R8 | ||
| Price | $5,981,465 USD |
| Price Per Unit | $153,371 USD |
| Sale Type | Investment |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 28,950 SF |
| No. Stories | 3 |
| Year Built | 1975 |
| Zoning | R8 |
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 |
|---|---|---|---|
| Studios | 1 | - | 350 - 400 |
| 1+1 | 29 | - | 650 - 700 |
| 2+1 | 9 | - | 1,000 |
Walk Score®
Very Walkable (72)
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42 Prideaux St
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