$3,500,000
0 bd • ba • sf • Multifamily
700 Poplar Street
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$3,500,000
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700 Poplar StreetNanaimo, BC, V9S 2H6

Brechin Hill
  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

Rare investment opportunity with this well-maintained 14-unit apartment building in a coveted central location. Featuring twelve spacious 1-bedroom units (approx. 700 sq ft) and two 2-bedroom units (approx. 1100 sq ft). Many units enjoy ocean views and the property is ideally located close to all amenities with tenant parking underneath the 2 floors of apartments. Recent updates include a new roof (2020), new siding (2019), and a new building hot water tank (2025). Four units have been renovated in the past 4 years. Built in 1964, the building sits on 3 separately titled city lots totalling over 19,000 sq ft and is zoned R8. Steady income with solid tenants, there is upside as many are long term. Price is plus applicable GST.
Listed by: Lee Robinson, Royal LePage Nanaimo Realty (NanIsHwyN) (VIREB)

Home facts and features

Price details
List Price
$3,500,000
Get Pre-Approved
Gross Taxes for 2024
$15,474
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
19215 ft²
Year Built
Built in 1964 (61 yrs old)
Title
Freehold
Heating Type
Hot Water, Natural Gas
Features
Central Location, Corner, Easy Access, Level, Near Golf Course, Serviced, Southern Exposure
Amenities
Marina Nearby, Recreation Nearby, Shopping Nearby
Community
Agent details
Primary Agent
Primary Broker
Royal LePage Nanaimo Realty (NanIsHwyN) (VIREB)
Listing details
Days on REW
136 Days
Property Views
464
MLS® Number
1002817
Source
Victoria and Vancouver Island MLS

Mortgage Calculator

Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
4.09%

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Property Insights

Cilaire Elementary School
  • Public
  • K - 7
  • In Catchment
Wellington Secondary School
  • Public
  • 8 - 12
  • In Catchment
Discover Montessori School
  • Independent
  • K
Quarterway School
  • Public
  • Pre-K - 7
Pauline Haarer Elementary School
  • Public
  • K - 7
Nanaimo Christian School
  • Independent
  • K - 12
The High School at VIU
  • Independent
  • 10 - 12
John Barsby Community School
  • Public
  • 8 - 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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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 2025-10-23.
Call Agent
Lee Robinson
Phone:
(250) 327-8988
Cell:
250-327-8988
Office:
250-758-7653
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