Brennan*
640 Terminal Avenue
Nanaimo, BC
Canada V9R 3J2
Details
| Address | 1420 Estevan Rd |
| Area | Nanaimo |
| Sub Area | Brechin Hill |
| State/Province | British Columbia |
| Country | Canada |
| Price | $3,200,000 |
| Property Type | Building, Land |
| Lot Size | 10015.00 Square Feet |
| Waterfront | No |
| Year Built | 1971 |
| Taxes | $15,927 |
| Tax Year | 2023 |
| MLS® # | 957032 |
1420 Estevan Road is a well maintained, 16 unit apartment building with adverse suite mix, featuring a strong going-in cap rate and potential to increase rents upon turnover, located within the growing city of Nanaimo. The units are individually metered with tenants paying their own electricity, and the vendor responsible for heat and hot water. With a strong going in cap rate, there's plenty of room to improve rents upon turnover with a diverse unit mix including 3 x 2-bedrooms, 11 x1-bedrooms, and 2 x bachelor units
Pemberton Holmes Ltd. has been in business serving the Vancouver Island area since 1887 helping people with their Real Estate needs. Much of Vancouver Island is now serviced with Homes For Sale in areas such as Victoria, Sidney, Saanich, Esquimalt, Colwood, View Royal, Oak Bay, Cordova Bay, Brentwood Bay, Saanichton, Langford, Metchosin, West Shore, Sooke, Mill Bay, Cobble Hill, Cowichan Bay, Shawnigan Lake, Duncan, Cowichan Valley, Chemainus, Crofton, Ladysmith, Lake Cowichan, Salt Spring Island, Nanaimo, Parksville, Courtenay, Comox, Bowser as well as Hornby Island.
Listed by VIREB Out Of Board Office
NOTE: VIREB IDX Reciprocity listings are displayed inaccordance with VIREB's broker reciprocity Agreement and are copyright © the Vancouver Island Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
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