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The Regatta 550 Brechin Rd 87 Unit Apartment Building For Sale Nanaimo, BC V9S 2X1
Investment Highlights
- Short Walk to Departure Bay Ferries, Seair Float Planes, Multiple Marinas, Bus Stop In Front
- Step Code 3 Construction & Efficient Operating Profile
- Highly Amenitized Profile & A Class Construction
- Oceanview Location with Exceptional Connectivity
- Two Elevators, Two Oceanview Amenity Decks, Property Management Office, Fob Access System and Security Cameras
- Low Rate CMHC Financing Now In Place
Executive Summary
Macdonald Commercial is pleased to present The Regatta by WestUrban Developments, located at 550 Brechin Road, Nanaimo, BC. Boasting a total of 87 units—3 studios, 55 one-bedroom, and 29 two-bedroom apartments—this property encompasses 56,628 square feet with a net rentable area of 52,740 square feet. Each unit is designed with contemporary features, including stainless steel appliances, quartz countertops, and private balconies that showcase stunning views of Newcastle Island.
The building offers a comprehensive suite of amenities that enhance its appeal, including secure underground parking with EV chargers, bike storage, and a robust security system. The property features two oceanview amenity decks, a dedicated dog wash station, and easy access to transportation with Departure Bay Ferry Terminal and a bus stop steps away. Furthermore, there is now low rate CMHC Financing in place, which provides investors with stable cashflow.
The building offers a comprehensive suite of amenities that enhance its appeal, including secure underground parking with EV chargers, bike storage, and a robust security system. The property features two oceanview amenity decks, a dedicated dog wash station, and easy access to transportation with Departure Bay Ferry Terminal and a bus stop steps away. Furthermore, there is now low rate CMHC Financing in place, which provides investors with stable cashflow.
Property Facts
| Sale Type | Investment | Lot Size | 1.30 AC |
| No. Units | 87 | Building Size | 56,628 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2023 |
| Building Class | B | Parking Ratio | 1.94/1,000 SF |
| Zoning | R8 - Medium Density Residential | ||
| Sale Type | Investment |
| No. Units | 87 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.30 AC |
| Building Size | 56,628 SF |
| Average Occupancy | 94% |
| No. Stories | 4 |
| Year Built | 2023 |
| Parking Ratio | 1.94/1,000 SF |
| Zoning | R8 - Medium Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Security System
- Kitchen
- Stainless Steel Appliances
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Waterfront
- Smoke Free
- Bicycle Storage
- Elevator
- Pet Washing Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
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The Regatta | 550 Brechin Rd
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