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160 Stewart Ave

$1,688,600

160 Stewart Ave, Nanaimo, BC, V9S 4B9

MLS® # 1031256

Nanaimo BC, V9S 4B9

MLS® # 1031256

Property Information:

12 unit apartment building located at 160 Stewart Ave in a Prime Nanaimo location, just 1 block from the waterfront. This well maintained, three storey property (built in 1966) offers strong investment potential with below market rents and significant upside on tenant turnover. Minimal immediate capital expenditures required, with a new roof installed in 2019. Situated on an 8,712 sq ft lot and zoned R8 (Medium Density Residential) the property benefits from onsite surface parking and excellent walkability to downtown Nanaimo amenities, services, transit, parks and the waterfront. Located in a quiet, established residential neighbourhood with convenient access to key commercial corridors. Attractive price per door enhances the opportunity seeking stable income with future growth potential.

Property Features:

Annual Tax Amount: $13,922
Floor Space (approx): 5775 Square Feet
Lot Frontage: 8712 Square Feet
Lot Size: 8712.00 Square Feet
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family
Zoning: R8

Courtesy of: Colliers International (Nan)

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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Market Price Trends

Location of 160 Stewart Ave, Nanaimo, BC, V9S 4B9

Lifestyle
Neighbourhood

Demographic Information of 160 Stewart Ave, Nanaimo, BC, V9S 4B9

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$92,477.60

Average Number of Children

1.54

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.65 %

High school certificate or equivalent

35.63 %

Apprenticeship trade certificate/diploma

9.6 %

College/non-university certificate

21.95 %

University certificate (below bachelor)

0.83 %

University Degree

21.35 %

Commuter

Travel To Work

By Car

79.15 %

By Public Transit

3.75 %

By Walking

11.66 %

By Bicycle

0.65 %

By Other Methods

4.79 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

83.76 %

Houses

16.24 %

Own Vs. Rent