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Spacious 4 Unit Rental Property - Newly Renovated Interiors

  
  
  
  
  
  
  
  
  
  
  
Deck
 Deck 
Back from Thunderbird Pak
 Back from Thunderbird Pak 
Thunderbird Park
 Thunderbird Park 
Thunderbird Park
 Thunderbird Park 

€ 1,059,782

£916,584.26
$1,099,629.80

Spacious 4 Unit Rental Property - Newly Renovated Interiors

Sitting on the corner of Nightingale Crescent and Thunderbird Drive, this spacious 2-storey 4-unit rental property boasts fully renovated interiors and excellent proximity to schools, shops and restaurants. 
 
Centrally located in Nanaimo, it is only one block away from the Nanaimo Regional General Hospital and a short distance to Woodlands Secondary School, restaurants and shopping. 

Each floor consists of  2- and 3-bedroom suites with their own large covered decks on the South side of the building facing Thunderbird Park 1 - A lovely green space only steps away.

The building has a parking lot and a shared coin-operated laundry room in the exterior accessed basement area, which also includes the electric room and tenant storage lockers.  

This well-maintained property is zoned for medium density development with a 100% expandable footprint, up to 4 stories, for a total of 16 condo apartments.

The current commercial Appraisal of the property is $1,395,000 CAD based on value of lot and existing building; and comparison of local property sales.

This is a must see property for any investor with current revenue with potential for redevelopment in 5-15 years to maximize highest and best use.  

Features:
1. Civic Address:  723 Nightingale Crescent, Nanaimo
2. Lot size 9,500 sq. ft.; zoned R8 medium density residential, with potential to be 4-storey
3. 2- 2 bedroom units + 2- 3 bedroom units
4. Fully renovated interiors as of 2020 
5. Parking for building
6. One block away from Nanaimo Regional General Hospital 
7. 7-minute walk to Woodlands Secondary School
8. Short distance to parks, shops and restaurants
9. Close to major transportation routes

Contact: G. Bethell for more information.
    P: 1.250.478.8820
    C: 1.250.818.0101
    E: [email protected]

Apartment block

Property ID: 42502

For:
Sale
Habitable:
Yes
Condition:
2nd hand

Size of land:
864 m²
Presently:
Rented
No. of bathrooms:
4
No. of apartments:
3 to 6 units
No. of floors:
2 floors

Canada

British Columbia

Address:
723 Nightingale Crescent, Nanaimo
Nanaimo
Close to:
School, Hospital, Nursing home, Bus stop, Shopping area, Park, Natural park, Lake.
Setting:
Town, City.

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