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438 Wakesiah Avenue
  • Nanaimo, BC, V9K 3K8

  • 0 Bed
  • Bath
  • Multifamily
$4,900,000
Estimate Payments
Award winning building in Nanaimo with consistent occupancy directly across from the Nananimo Vancouver Island University. This is a safe & profitable student residences business and building. University student housing is recession resistant passive income investment perfect for the buyer who wishes to be involved in the ongoing management. Building offers up 25 high end housing units consisting of 13 single bed & 12 double bed units. This 3 floor building is sure to impress with its 5 star quality construction & low maintenance for years to come with features such as granite counter tops throughout, quartz tile entrance foyer, modern paint scheme, low-E windows, economical multi zoned hot water heating system, pressurized building, student parking w/lane access, separate bike storage, onsite laundry, security cameras all areas & more! A perfect growth investment opportunity. All measurements, info and data not to be relied upon and must be verified if important.

Property Details

Price Details

List Price $4,900,000
Gross Taxes for 2020 $1,904

Home Facts

Bedrooms 0
Bathrooms
Property Type Multifamily
Lot Size 12917 ft²
Year Built Built in 2015 (6 yrs old)
Title Freehold
Heating Type Hot Water, Natural Gas
Features Central Location, Easy Access, Landscaped, Level, Near Golf Course, See Remarks, Serviced, Sidewalk, Southern Exposure, Square Lot
Amenities Marina Nearby, Recreation Nearby, Shopping Nearby
Community University District

Agent Details

Primary Agent Jim Johnson
Primary Broker Sutton Group-West Coast Realty (Nan)

Listing Details

Days on REW 106 Days
Property Views 641
MLS® Number 884370
Source Victoria and Vancouver Island MLS

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  • %
Amort.
25 Years
Interest Rate
1.35 %

Today's Mortgage Rates

  • 1.35%
  • /mo
  • 5 Year
Dominion Lending Centres
  • 1.99%
  • /mo
  • 2 Year
Dominion Lending Centres
  • 2.09%
  • /mo
  • 1 Year
Dominion Lending Centres
  • 2.24%
  • /mo
  • 3 Year
Dominion Lending Centres
  • 2.29%
  • /mo
  • 5 Year
Dominion Lending Centres
  • 2.84%
  • /mo
  • 7 Year
Dominion Lending Centres
  • 3.14%
  • /mo
  • 10 Year
Dominion Lending Centres

Advertised rates are not guaranteed and the rate provided by any financial institution listed, or any approval or decline you receive, will be based solely on your personal situation. The advertised rates are provided as guidance only and the accuracy of these rates is not guaranteed. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

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
View Property Insights to learn more about this property Assessment data is from public records.
View Property Insights to learn more about this property Sales History data is from public records.

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MLS® property information is provided under copyright© by the Victoria and Vancouver Island Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website must only be used by consumers for the purpose of locating and purchasing real estate. Listing data was last updated on 2021-12-01.