507 Milton St, Nanaimo, BC V9R 2L2
- $15,900,000
Courtesy of NAI Commercial (Victoria) Inc.
- List Price
- $15,900,000
- Status
- ACTIVE
- MLS®
- 1042962
- Property Type
- Commercial
- Stories
- 3
- Acres
- 0.66
- Lot Size
- 28,927
- District
- Nanaimo
- Neighbourhood
- Na Old City
Property Description
An opportunity to acquire freehold interest in a mixed use residential/retail rental complex centrally located in Nanaimo. Completed in 2024, the complex is comprised of 25 large townhouse units all with exterior entrances, individual hot water tanks, dishwashers and laundry rooms, as well as 3 commercial CRU’s over three buildings. The property is currently fully rented but built to strata specification, and the potential exists to stratify and sell the individual units separately in the future.The complex benefits from a partial property tax exemption until 2033. This is a rare opportunity to buy a newer rental asset with stable holding income and future strata sale potential.
/u.realgeeks.media/kaihuculak/header.png)
Additional Information
- Parking Type
- On Site
- Rentals Allowed
- Unrestricted
Mortgage Calculator
NOTE: MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate. By registering on this website I/We consent to the collection, use and disclosure of personal information as described in our privacy policy.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.