5.6% CAP RATE with upside. 16-unit rental apartment. This is an excellent passive income property and an attractive suite mix: 2 bachelor units, 11 one-bedroom units, and 3 two-bedrooms units. Overlooking Departure Bay, 1420 Estevan Road features ocean views and is within an area coveted for its walk-ability to Terminal Avenue Shopping Centre, Departure Bay Ferry Terminal, downtown and Stewart Avenue marinas. Below market rents providing the purchaser with great upside opportunity upon tenant turnover. Contact listing agents for further information (28409762)
Property Type
Multi-family
Building Type
Multi-Family
Neighbourhood Name
Central Nanaimo
Annual Property Taxes
$18,279.15 (CAD)
Time on REALTOR.ca
15 days
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