Rare opportunity to acquire a fully occupied portfolio of 27 strata-titled condominium units under single ownership in the heart of Nanaimo. Unlike traditional apartment buildings, each unit has its own legal title and PID number, providing exceptional flexibility for future disposition, refinancing or continued operation as a rental portfolio. The property has benefited from ongoing capital improvements and features elevator service, storage lockers, on-site laundry facilities and separate hydro metering. Opportunities to acquire a multifamily asset of this scale with individually titled units are exceptionally rare on Vancouver Island. A compelling investment offering stable occupancy, proven income history and multiple avenues for future value creation. Financial information available to qualified purchasers upon execution of a Confidentiality Agreement.
Address
#101-309 - 116 Prideaux St
List Price
$6,000,000
Property Type
Commercial Sale
Type of Dwelling
Multi Family
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Old City
Lot Size
17630 Sq. Ft.
Lot Size (Acres)
0.41 Ac.
Year Built
1981
MLS® Number
1039946
Listing Brokerage
eXp Realty (NA)
Postal Code
V9T 2T6
Tax Amount
$33,017.00
Tax Year
2025
Amenities
Balcony/Deck