Rare investment opportunity with this well-maintained 14-unit apartment building in a coveted central location. Featuring twelve spacious 1-bedroom units (approx. 700 sq ft) and two 2-bedroom units (approx. 1100 sq ft). Many units enjoy ocean views and the property is ideally located close to all amenities with tenant parking underneath the 2 floors of apartments. Recent updates include a new roof (2020), new siding (2019), and a new building hot water tank (2025). Four units have been renovated in the past 4 years. Built in 1964, the building sits on 3 separately titled city lots totalling over 19,000 sq ft and is zoned R8. Steady income with solid tenants, there is upside as many are long term. Price is plus applicable GST.More details
This 1.92-acre Oceanview development property in Brechin Hill boasts scenic views of Departure Bay, Newcastle Channel, and Nanaimo Harbour. The City of Nanaimo is open to various rezoning and development options, including a proposed 47-unit development with 15 townhouses and 32-unit apartment building or a previous plan for 24 luxury townhomes with/without suites. Alternatively, subdivide into 10-12 Oceanview lots for single-family homes, duplexes, or multiplexes, subject to city approval. And the Citywide Parking Review is expected to ease parking requirements. Flexible development options allow phased construction of townhouses/ residential lots based on market conditions or financing or leverage attractive CMHC rates for rental apartment construction. Architectural, geotechnical, environmental, and other reports are available to serious buyers. The Buyer must independently verify all property details and development potential through the City of Nanaimo or qualified professionals.More details
This 1.92-acre Oceanview development property in Brechin Hill boasts scenic views of Departure Bay, Newcastle Channel, and Nanaimo Harbour. The City of Nanaimo is open to various rezoning and development options, including a proposed 47-unit development with 15 townhouses and 32-unit apartment building or a previous plan for 24 luxury townhomes with/without suites. Alternatively, subdivide into 10-12 Oceanview lots for single-family homes, duplexes, or multiplexes, subject to city approval. And the Citywide Parking Review is expected to ease parking requirements. Flexible development options allow phased construction of townhouses/ residential lots based on market conditions or financing or leverage attractive CMHC rates for rental apartment construction. Architectural, geotechnical, environmental, and other reports are available to serious buyers. The Buyer must independently verify all property details and development potential through the City of Nanaimo or qualified professionals.More details
Only 1 unit remaining! Unit 300 represents a once in a lifetime opportunity to build a customized waterfront condo. Exceedingly rare, only 3 of these homes will ever be built on the waterfront. Unit 300 will have 2,238 sqft of interior living space, including 3 bedrooms, a den, an office, and 3 bathrooms. There will be a 742sqft private patio & garden area & a private 2-car garage. The home will occupy an entire floor, creating a private and exclusive enclave – imagine stepping out of your secure elevator and directly into your suite. With windows on all four sides, the main living space will feature views of Nanaimo Harbour and the waterfront promenade. Located across the street from the Yacht Club and a short waterfront walk to the services and amenities of downtown Nanaimo, Newcastle Ave. is an address coveted for its urban waterfront lifestyle. Given the very small number of homes, an early commitment can provide a unique opportunity for owners to discuss a range of customizations.More details
Only 3 Newcastle Ave units remaining. SEAGLASS is an exclusive waterfront development. This suite includes two bedrooms and two bathrooms. Luxuriously finished with 9’ 6” ceilings, hardwood floors, gas fireplace, and high-end appliances. The location is only steps from the Nanaimo Yacht Club and a short waterfront walk to the services and amenities of downtown Nanaimo. Newcastle Avenue is a rare and coveted address in Nanaimo, known for its urban waterfront lifestyle. Given the very small number of homes, an early commitment can open a unique opportunity for owners to discuss a wide range of customizations. SEAGLASS affords the freedom to spend more time with the people you love, doing the things you love. Whether it’s exploring our own island paradise, or traveling the wide world beyond, SEAGLASS offers that “Lock & Leave” freedom to live comfortably and to enjoy your time the way you want to. Presentation Centre Open M-F 1130am to 1230pm @ #103 - 91 Chapel St. or by appt.More details