Sites & Buildings - Multifamily, For Sale

The Highlands

2502 Highland Blvd Nanaimo Vancouver Island and Coast Nanaimo Multifamily $4,100,000 21,000 SF
 

Large fully rented 21 unit rental "townhouse" development backing on to the 18th tee of Nanaimo Golf Course. This extensively renovated 21 unit (mostly 2 and 3 bedroom) townhouse complex offers great potential to the development purchaser. Great long term hold for future development as you can gain consistent revenue for your company while designing and working on pre-selling a new strata building all which can be done using existing infrastructure. The location is everything with this property and if looking to market a future new development you have the inland highway which is at low speeds across highland blvd for with daily high traffic flowing to BC Ferries and the 18th green of the Nanaimo golf club! Being walking distance to shopping malls, schools and recreation its a very desirable location if looking for a new project in the city of Nanaimo which has seen year over year growth of 24% . The large lot is level and low maintenance in its current state. Each unit has it's own private backyard plus a large fenced common area.

 

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Community Profile: Nanaimo

Vancouver Island and Coast
Nanaimo

Nestled between the mountains and the ocean Nanaimo is a 20 minute flight from downtown Vancouver or a 1.35 hour ferry ride. Nanaimo boasts both a vibrant business community and exceptional quality of life. Businesses choose to locate in Nanaimo because of the cost efficiencies, connections to markets, complete range of telecommunications services and talented workforce.

Statistics
Total Population 83,810
Median Household Income $52,744 ($CDN)
Closest Commercial Airport Nanaimo Airport (16km)
Closest Ocean Port Nanaimo (3km)
Closest Major Centre Vancouver (84km)
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