Homes for sale - 931 Crace St, Nanaimo, BC V9R 2T4

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Dirk Popen

dirk@buyorsellvictoria.com +1(778) 678-2597

$ 2,700,000

Est. payment | -/mo

0.3 Acres Lot

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$ 2,700,000

Est. payment | -/mo

Save

0.3 Acres Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1012926

Rental Info Unrestricted

Year Built 1928

Annual Tax Amount $10,374

Tax Year 2024

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Multi Family

Property Description

Well-maintained 10-unit rental apartment building at the edge of Nanaimo's harbour and downtown core. Located at 931 Crace Street, the property offers immediate access to Port Place Mall and the new Hullo foot passenger ferry with 70-minute service to downtown Vancouver. The unit mix includes 7 one-bedroom units, 2 two-bedroom, and 1 three-bedroom. This unique character building is being offered at a strong cap rate although there is still significant upside potential upon tenant turnover. Situated in a growing, gentrifying neighbourhood, this is an excellent opportunity to acquire a solid income property with long-term growth potential. More information available.

Location

Province BC

County Nanaimo, City Of

Area Na Old City

Interior

Heating Baseboard, Electric

Heat Source Baseboard, Electric

Exterior

Parking On Site 1

View Y/N Yes

View City, Mountain(s), Ocean

Building

Lot Description Central Location, Easy Access, Marina Nearby, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk

Building Description Stucco, Basement,Bike Storage,Laundry Room,Parking,Shopping Nearby,Transit Nearby

Foundation Poured Concrete

Sewer Sewer Connected

Water Municipal

Structure Type Stucco

Others

Pets Allowed Yes

Tax ID 008-827-702

Ownership Freehold

Acceptable Financing Must Be Paid Off

Listing Terms Must Be Paid Off

Listed by Royal LePage Nanaimo Realty (NanIsHwyN)

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(778) 678-2597

dirk@buyorsellvictoria.com

931 Crace St Nanaimo, BC V9R 2T4