For Sale: 700 Poplar Street, Nanaimo, BC - REW
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$3,100,000
0 bd • ba • sf • Multifamily
700 Poplar Street
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$3,100,000
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700 Poplar StreetNanaimo, BC, V9S 2H6

Brechin Hill
  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

Well-maintained 14-unit apartment building in a prime central location offering strong in-place income with clear upside. The suite mix includes twelve spacious 1-bedroom units (approx. 700 sq ft) and two large 2-bedroom units (approx. 1,100 sq ft), many with ocean views. Ideally positioned close to all amenities with covered tenant parking beneath two levels of apartments. Significant recent capital improvements include new roof (2020), siding (2019) and building hot water tank (2025), plus four renovated units in the past 4 years. Built in 1964 on three separately titled city lots totaling over 19,000 sq ft and zoned R8, presenting future redevelopment or densification potential. Stable tenancy with long-term occupants and room to improve returns. Price is plus applicable GST.
Listed by: Lee Robinson, Royal LePage Nanaimo Realty (NanIsHwyN) (VIREB)

Home facts and features

Price details
List Price
$3,100,000
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 (62 yrs old)
Title
Freehold
Exterior Finish
Vinyl Siding
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
76 Days
Property Views
919
MLS® Number
1029875
Source
Victoria and Vancouver Island MLS
Board
Vancouver Island Real Estate Board
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Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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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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Call Agent
Lee Robinson
Phone:
(250) 327-8988
Cell:
250-327-8988
Office:
250-758-7653
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