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Featured exterior photo of 438 Wakesiah Ave, Nanaimo, BC
46 days on market
Commercial Sale
438 Wakesiah Ave, Nanaimo, BC
$5,390,000
438 Wakesiah Ave, Nanaimo, BC
Commercial Sale · Multi Family · Nanaimo, BC
$5,390,000 MLS® 1030328
0.30Acres

Prime Student Housing Investment with Licensed Inn Component – Ideally located directly across from VIU, this property offers a rare opportunity to own a stable, income-producing asset in one of Nanaimo’s most desirable rental locations. It features 25 units (13 single-bed & 12 double-bed), totaling 37 beds, with consistently strong occupancy driven by reliable student demand. Its prime location supports steady, recession-resistant income & long-term rental stability. A key highlight is the approved inn license, allowing up to 12 rooms for short-term rental use. This flexible hybrid model provides excellent upside—maintain stable income from student rentals while increasing returns through short-term accommodation, especially during summer months. Built with durability, 15 rear parking stalls, lane-access parking. Close to all amenities, further enhancing tenant appeal. Stable income with strong upside potential. All info, data & measurements approximate; verify if important.

Photo Gallery  · 16 photos
Property Location
438 Wakesiah Ave, Nanaimo, BC
Listed by REMAX Professionals (NA)

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