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700 Poplar St in Nanaimo: Na Brechin Hill Multi Family for sale : MLS®# 1002817

700 Poplar St Nanaimo V9S 2H6 : Na Brechin Hill

Main Photo: 700 Poplar St in Nanaimo: Na Brechin Hill Multi Family for sale : MLS®# 1002817banner
$3,500,000
Prop. Type:
Commercial Sale
MLS® Num:
1002817
Status:
Active
Year Built:
1964
Rare investment opportunity with this well-maintained 14-unit apartment building in a coveted central location. Featuring twelve spacious 1-bedroom units (approx. 700 sq ft) and two 2-bedroom units (approx. 1100 sq ft). Many units enjoy ocean views and the property is ideally located close to all amenities with tenant parking underneath the 2 floors of apartments. Recent updates include a new roof (2020), new siding (2019), and a new building hot water tank (2025). Four units have been renovated in the past 4 years. Built in 1964, the building sits on 3 separately titled city lots totalling over 19,000 sq ft and is zoned R8. Steady income with solid tenants, there is upside as many are long term. Price is plus applicable GST.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Year built:
1964 (Age: 61)
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Brechin Hill, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
Switch units of measure19,215 sq. ft.
Taxes:
Building Features:
Parking, Shopping Nearby, Transit Nearby
Construction:
Vinyl Siding
Foundation:
Concrete Perimeter
Number of Storeys:
2
Ceiling Heights:
Switch units of measure
Total Building Area:
Switch units of measure6,257 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Hot Water, Natural Gas
Fireplace:
No
Pending Date:
Balcony/Deck, Balcony/Patio
Mountain(s), Ocean
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Legal Non-Conformance:
No
Units in Building:
Units in Community:
Occupancy:
Tenant
Lot Site Features:
Central Location, Corner Lot, Easy Access, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure
Parking Features:
On Site
Total Units:
Date Listed:
Jun 07, 2025
Original Price:
3500000.0
Listed by Royal LePage Nanaimo Realty (NanIsHwyN)
Data was last updated June 14, 2025 at 06:05 PM (UTC)
RICHARD LEISCHNER

Richard Leischner

Cell: 250-739-1730

Office: 250-756-1132

rlhomes@shaw.ca

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.