Colliers is pleased to present for sale a multi-family redevelopment site offering holding income with upside: at 1691 & 1695 Boundary Avenue, Nanaimo. This is an exceptional opportunity to acquire a 24, 970 square foot multi-family redevelopment site, featuring two rental apartment buildings with a total of twelve units comprised of Ten 2-bedroom units and Two 1-bedroom units. Key development highlights include: 225 feet of frontage on Boundary Avenue, directly facing the Nanaimo Regional General Hospital; R8 zoning allows for 1.25 FSR plus additional density bonuses; within walking distance to Bowen Road and Island Highway; located in Nanaimo, one of the five fastest growing metropolitans in Canada over the past five years. Key holding income highlights: ideal unit mix for Nanaimo; units are below market for rents; low vacancy rate in Nanaimo; and in immediate proximity to transit
Source: VIVA, MLS®#: 980176
- MLS® 980176
- Date Listed10/28/2024
- Days on Realty 18 Days
- Bedrooms -
- Bathrooms
- Lot Size 0.57 acres (24,970 sq. ft)
- County Nanaimo, City of
Exterior / Lot Features
- Roof -
- Lot Size Acres 0.57
- Lot Size SQFT 24,970.00
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
72/100
Very Walkable
Walk Score ®
47/100
Some Transit
Transit Score ®
53/100
Bikable
Bike Score ®
Overview
Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.Transit Summary
14 nearby routes: 14 bus, 0 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 33/100, Transit Score: 35/100, Bike Score: 36/100.
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Frequently Asked Questions for 1691&1695 Boundary Ave, Nanaimo BC V9S 1J8
Source: Realty.com
1691&1695 Boundary Ave, Nanaimo BC V9S 1J8, Nanaimo, BC V9S 1J8 is a Multi Family, Commercial Sale property listed for $2,980,000 The property is - sq. ft with - bedrooms and 0 bathrooms
Realty.com has 31 photos of 1691&1695 Boundary Ave, Nanaimo BC V9S 1J8.
The full address for this home is 1691&1695 Boundary Ave, Nanaimo BC V9S 1J8, Nanaimo, BC V9S 1J8.
1691&1695 Boundary Ave, Nanaimo BC V9S 1J8 has been listed on Realty.com since Mon October 28, 2024
Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 33/100, Transit Score: 35/100, Bike Score: 36/100.
Listing provided courtesy of:
Colliers International (Nan)
(tel: 250-740-1060)
Listing agent:
Brad Archibald
(tel: 250-740-1060)
This content last refreshed on 2024-11-15 07:51:49. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 1691&1695 Boundary Ave, Nanaimo BC V9S 1J8, Nanaimo, BC V9S 1J8 : MLS® 980176