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438 Wakesiah Ave

Wakesiah AveVancouver Island UniversityNanaimoBC, V9R 3K8

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Beds
-
Baths
$5,899,000
List Price
438 Wakesiah Ave, Nanaimo, BC - 1 of 3
438 Wakesiah Ave, Nanaimo, BC - 2 of 3
438 Wakesiah Ave, Nanaimo, BC - 3 of 3
150 days on market

Quick Summary

  • Prime location directly across from Vancouver Island University
  • Steady and consistent occupancy rate as student housing
  • 25 fully-equipped units with private kitchens and bathrooms
  • Granite countertops throughout for added luxury
  • Common areas on each floor to foster community
  • Secure bike storage room for environmentally-conscious students
  • 17 parking spaces located in the back lane
  • Relaxing outdoor space with stunning views from top-floor balcony

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... Show More

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:54626)

Property Details

Parking

17 Parking Spaces
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Heating & Cooling

Heating
Baseboard heaters, Hot Water
Cooling
None

Ownership Details

Ownership

Title
Freehold
Zoning
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Source

Listing Brokerage

MLS® Listing
969288
Last Updated
November 22, 2024
Brokerage
Nu Stream Realty Inc.,Sutton Group-West Coast Realty (Nan)
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