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275 Cypress St
Nanaimo, BC V9S 5J9

$15,500,000

Listing Details

  • $15,500,000
  • MLS# 1043620
  • Type Multi Unit - Multiple
  • Status Active
  • 0.930 acres
    Lot Size

Listed By

Agency Name: Century 21 Harbour Realty Ltd.
Agency Phone: 250-760-1066

Shown By

Agency Title: DFH Real Estate LTD
Agency Phone: 250-477-7291

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Home Value Estimate


Description

Cypress Garden Apartments64 Suite Apartment Building with a well balanced suite mix featuring a unique 3750 sq ft Penthouse boasting breathtaking views. Situated in the Brechin Hill neighbourhood, located steps from the scenic seawall and within walking distance to downtown Nanaimo. This property offers investors the opportunity to acquire a large scale apartment building that has been privately owned and managed for over 35 years. Well maintained receiving numerous capital upgrades. Represents a rare opportunity to acquire a property of scale with strong cash flow potential in one of British Columbia's fastest growing municipalities.

Features

  • Property Type: Multi Unit - Multiple
  • Building Features: Elevator: Passenger, Fire Sprinklers, Laundry Room, Shopping Nearby, Transit Nearby, See Remarks
  • Days on Site: 2
  • Exterior Features: Balcony/Patio
  • Flooring: Mixed
  • Heating: Baseboard, Electric
  • Lot Description: Central Location, Landscaped, Marina Nearby, Recreation Nearby, Shopping Nearby
  • Lot Size: 0.93 Acres
  • Parcel#: 004533470
  • Parking: On Site
  • Parking Notes: On Site
  • Road Surface: Paved
  • Sewer: Sewer Connected
  • Special View Info: Ocean, Other
  • Taxes: $89,891
  • Units: 1
  • Units in Community: 1
  • Water: Municipal

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