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Royal LePage
Royal LePage
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$2,550,000

Nanaimo BC, V9R 2T4

MLS® # 1012926

Property Information:

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.

Property Features:

  • Annual Tax Amount: $10,374
  • Building Features: Basement, Bike Storage, Laundry Room, Parking, Shopping Nearby, Transit Nearby
  • Built in: 1928
  • Construction Materials: Stucco
  • Floor Space (approx): 9637 Square Feet
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard, Electric
  • Lot Features: Central Location, Easy Access, Marina Nearby, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk
  • Lot Frontage: 12936 Square Feet
  • Lot Size: 12936.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • View: City, Mountain(s)
  • Water Source: Municipal
  • Sewer:

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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⚠ Potential Investment Performance

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Location of 931 Crace St, Nanaimo, BC, V9R 2T4

Demographic Information of 931 Crace St, Nanaimo, BC, V9R 2T4

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$92,696.84

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.75 %

High school certificate or equivalent

37.93 %

Apprenticeship trade certificate/diploma

9.27 %

College/non-university certificate

16.28 %

University certificate (below bachelor)

3.08 %

University Degree

22.69 %

Commuter

Travel To Work

By Car

75.81 %

By Public Transit

6.32 %

By Walking

15.7 %

By Bicycle

0.93 %

By Other Methods

1.24 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

48.98 %

Houses

51.02 %

Own Vs. Rent

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