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416 Wakesiah Avenue
  • Nanaimo, BC, V9R 3K8
  • View on Map

$1,680,000
Est. /mo
Calc
0 Bed
N/A Bath
N/A Sqft
Multifamily
Property Description:
Investors and developers alert! This Land assembly has already rezoned to COR2. Approved DP stage for this student house project is zoned COR2 which is mixed use. There will be 44 beds for students on the 2nd to 4th floor with commercial spaces to service the neighbourhood and students on the ground floor. There are patio areas which will also serve as amenity areas or community spaces. The mechanical and electrical rooms will be located in the basement along with an amenity space for the gym of 531 square feet, bicycle storage, student storage spaces, workshop etc. The main floor consists of 4 commercial spaces, a student lounge area and office reception. One of the commercial spaces is a coffee bar with 1047 square. The other commercial spaces are 355 square feet, 732 square feet and 1112 square feet. (id:32586)
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Property Overview
Sub-Area/Community University District
Property Type Multifamily
Listing ID 463085
Primary Agent Howard Wang PREC*
Primary Broker RE/MAX Crest Realty
Days on REW 72 Days on REW
HSBC
Sponsored
3 Year High Ratio Mortgage
Purchase Price
$1,680,000
Mortgage Amount
$1,344,000
Down Payment
$336,000
Percent
20%
Amortization
25
Interest Rate
1.99
Learn More
A high ratio mortgage is when a customer obtains a personal mortgage with mortgage default insurance with HSBC Bank Canada. Rates are subject to change without notice.
Mortgage Calculator
Your Payments
Purchase Price
Mortgage Amount
Down Payment
  • %
Amort.
25 Years
Interest Rate
2.3 %
Today's Mortgage Rates
5 Year Variable
2.30%
/mo
Free Appraisals
2.45%
/mo
Preapprovals in 4 hours
5 Year Fixed
2.39%
/mo
Preapprovals in 4 hours
2.79%
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The Mortgage Payment Calculator is only for basic estimation purposes only and is not part of the application process. Payment amounts are based on the information you provide and may change upon consultation with a mortgage professional.

Nearby Schools
Georgia Avenue School
  • Public
  • Pre-K - 7
  • In Catchment
The High School at VIU
  • Independent
  • 10 - 12
John Barsby Community School
  • Public
  • 8 - 12
Pauline Haarer Elementary School
  • Public
  • K - 7
Quarterway School
  • Public
  • Pre-K - 7
Discover Montessori School
  • Independent
  • K
Nanaimo Christian School
  • Independent
  • K - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly. Report Incorrect Info
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