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Featured exterior photo of 700 Poplar St, Nanaimo, BC
52 days on market
Commercial Sale
700 Poplar St, Nanaimo, BC
$3,100,000
Built 1964
700 Poplar St, Nanaimo, BC
Commercial Sale · Multi Family · Nanaimo, BC
$3,100,000 MLS® 1029875
1964Built
0.44Acres

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.

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Property Location
700 Poplar St, Nanaimo, BC
Listed by Royal LePage Nanaimo Realty (NanIsHwyN)

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