438 Wakesiah Ave Nanaimo, British Columbia V9K 3K8

None Hot Water


Investor Alert! Beautiful award winning VI University student housing building and student residence business located in Nanaimo BC. This model offers consistent occupancy located directly across road from the University. This is a safe profitable investment for passive income or buyers who wishes to be involved in the ongoing management. Building has available commercial space for expansion for more cash flow or adding extra rooms. There are 37 beds consisting of 13 single bed and 12 double beds rooms. Perfect for investors looking for a business with a strong future growth potential. This 3 floors building is sure to impress with its 5 star high end construction allowing for low maintenance for years to come. Inside and throughout features include granite counter tops in all rooms and areas, quartz tile foyer and common areas, commercial grade materials, modern paint schemes, low-E windows, high efficiency multiple zoned hot water heating system, fully pressurized building, ample paved student parking with lane access, separate secured bicycle storage room, on site coin laundry, 3 large common areas on each floor with own fridge and stoves, huge covered decks on two floors and lower walk out patio, wireless high speed internet throughout building, on bus route and features a large office with onsite manger and 24hr phone support, all newly installed camera security system throughout, as well as a great website. Buildings of this stature do not come along often. All measurements, info and data not to be relied upon and must be verified if important. (id:36938)


Business Type Accommodation

Property Details

MLS® Number 884370
Property Type Multi-family
Neigbourhood University District
Features Central Location, Level Lot, Southern Exposure, See Remarks, Other, Marine Oriented
Parking Space Total 17
Plan Vip1325
View Type Mountain View


Constructed Date 2015
Cooling Type None
Fire Protection Fire Alarm System, Sprinkler System-fire
Heating Fuel Natural Gas
Heating Type Hot Water
Type Multi-family


Acreage No
Size Irregular 12917
Size Total 12917 Sqft
Size Total Text 12917 Sqft
Zoning Description Cor
Zoning Type Unknown


Sutton Group-West Coast Realty (Nan)
#604 - 5800 Turner Road
Nanaimo, British Columbia V9T 6J4

(250) 756-2112
(250) 756-9144