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. (id:4069)
Address
931 Crace St
List Price
$2,700,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Transaction Type
Sale
Area
British Columbia
Sub-Area
Nanaimo
Lot Size
12936 Sq. Ft.
Year Built
1928
MLS® Number
1012926
Listing Brokerage
Royal LePage Nanaimo Realty (NanIsHwyN)
Postal Code
V9R2T4
Site Influences
View
Features
Central location, Other, Marine Oriented
