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.
Lot features Central Location, Easy Access, Marina Nearby, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk
Heating Baseboard, Electric
Parking Type On Site
Taxes$10,374
Rentals Allowed Unrestricted
Days on Market2