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275 Cypress St in Nanaimo: Na Brechin Hill Multi Family for sale : MLS®# 1022254
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.More details
Listed by Century 21 Harbour Realty Ltd. and Colliers
Well-maintained 14-unit apartment building in a prime central location offering strong in-place income with clear upside. The suite mix includes twelve spacious 1-bedroom units (approx. 700 sq ft) and two large 2-bedroom units (approx. 1,100 sq ft), many with ocean views. Ideally positioned close to all amenities with covered tenant parking beneath two levels of apartments. Significant recent capital improvements include new roof (2020), siding (2019) and building hot water tank (2025), plus four renovated units in the past 4 years. Built in 1964 on three separately titled city lots totaling over 19,000 sq ft and zoned R8, presenting future redevelopment or densification potential. Stable tenancy with long-term occupants and room to improve returns. Price is plus applicable GST.More details
This exceptional 1.92-acre ocean-view property is one of the last significant undeveloped parcels in Nanaimo’s highly sought-after Brechin Hill neighbourhood — a rare opportunity in one of the city’s most desirable coastal communities. Ideally positioned near downtown Nanaimo, Departure Bay ferry and seaplane terminals, marinas, waterfront parks, local shops and restaurants, the property captures sweeping ocean views of Departure Bay, Newcastle Island, Newcastle Channel, and Nanaimo Harbour. The gently sloping topography may support a range of future development possibilities, subject to City of Nanaimo approvals. Preliminary architectural concepts, engineering information, geotechnical and environmental studies, and additional technical reports are available to qualified buyers upon execution of a Confidentiality Agreement. Buyers should complete independent due diligence regarding development potential and future use. Large ocean-view development sites in this location are rare todayMore details
This exceptional 1.92-acre ocean-view property is one of the last significant undeveloped parcels in Nanaimo’s highly sought-after Brechin Hill neighbourhood — a rare opportunity in one of the city’s most desirable coastal communities. Ideally positioned near downtown Nanaimo, Departure Bay ferry and seaplane terminals, marinas, waterfront parks, local shops and restaurants, the property captures sweeping ocean views of Departure Bay, Newcastle Island, Newcastle Channel, and Nanaimo Harbour. The gently sloping topography may support a range of future development possibilities, subject to City of Nanaimo approvals. Preliminary architectural concepts, engineering information, geotechnical and environmental studies, and additional technical reports are available to qualified buyers upon execution of a Confidentiality Agreement. Buyers should complete independent due diligence regarding development potential and future use. Large ocean-view development sites in this location are rare todayMore details
Fantastic investment opportunity in this legal 4-plex only 2 blocks to the waterfront walkway and Nanaimo Yacht Club. Located on one of the city’s most picturesque streets, in the Newcastle area, this property features four fully self-contained studio suites, each with a large private patio area for outdoor living. All four units have their own hot water tank and electrical meter, as well as plenty of parking for the landscaped corner lot. R8 multi-family zoning offers future development potential within walking distance of downtown and only minutes to Departure Bay ferry terminal. Generating over $46,000 gross revenue, this is a rare gem in a desirable area of Nanaimo’s evolving core.More details