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Commercial Sale

$3,100,000
700 Poplar St, Nanaimo, BC

Address

700 Poplar St, Nanaimo, BC

Price

$3,100,000

Property Description

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.

Interested in this property?

Contact Scott Parker Personal Real Estate Corporation for more information

(250) 751-1223
scott@scottparker.ca
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Property Details

MLS® Number: 1029875
Property Type: Commercial Sale
Property Subtype: Multi Family
Status: Active
Lot Size: 0.44 acres
Area: Nanaimo - Na Brechin Hill
Annual Tax: $15,474 (2024)
Days on Market: 31 days

Additional Property Details

Building Type: Multi-Family
Construction Date: 1964
View: Mountain view, Ocean view

Property Features & Amenities

Features: Central location, Level lot, Southern exposure, Corner Site, Other, Marine Oriented

Parking & Land Details

Land Size: 19215 sqft
Acreage: false

Landscape & Property Information

Irregular Land Size: 19215
Ownership Type: Freehold
Transaction Type: For sale

MLS® Number

1029875

Property Photos

Property Location

700 Poplar St, Nanaimo, BC

Listed by Royal LePage Nanaimo Realty (NanIsHwyN)

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