Nanaimo · Commercial Sale · MLS® 1043620
275 Cypress St, Nanaimo
$15,500,000
3Days on Market
About this property
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.
Features & details
DDF Property Type
Multi-family
Building Type
Multi-Family
View
Ocean view
Land Size
40,511 sq ft (0.93 acres)
Feature
Central location
Feature
Other
Feature
Marine Oriented
Property Type
Multi Family
Heating
Baseboard,Electric
Parking Spaces
64
Water Source
Municipal
Sewer
Sewer Connected
Flooring
Mixed
Zoning
R8
Location
Brokerage
Listed by Century 21 Harbour Realty Ltd..
Information is deemed reliable but not guaranteed.
Similar properties
Other active properties nearby in price and area.
1 / 11