Cypress Garden Apartments 64 Suite Apartment Building with a well balanced suite mix featuring a unique 3750 sq ft Penthouse boasting breathtaking views. Situated in the Brechin Hill neighbourhood, located steps from the scenic seawall and within walking distance to downtown Nanaimo. This property offers investors the opportunity to acquire a large scale apartment building that has been privately owned and managed for over 35 years. Well maintained receiving numerous capital upgrades. Represents a rare opportunity to acquire a property of scale with strong cash flow potential in one of British Columbia's fastest growing municipalities. (id:4069)
Address
275 Cypress St
List Price
$15,500,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Transaction Type
Sale
Area
British Columbia
Sub-Area
Nanaimo
Lot Size
0.93 Sq. Ft.
MLS® Number
1043620
Listing Brokerage
Century 21 Harbour Realty Ltd.
Postal Code
V9S5J9
Zoning
R8
Ownership
Freehold
Parking Places (Total)
64
Site Influences
View
Features
Central location, Other, Marine Oriented
Heat Source
Electric
Heat Type
Baseboard heaters
Access To Property
Road access
