$15,900,000
507 Milton St, Nanaimo BC V9R 2L2, Nanaimo
$15,900,000
507 Milton St, Nanaimo BC V9R 2L2, Nanaimo
- Type
- Mixed Use
- MLS® Number
- 1042962
An opportunity to acquire freehold interest in a mixed use residential/retail rental complex centrally located in Nanaimo. Completed in 2024, the complex is comprised of 25 large townhouse units all with exterior entrances, individual hot water tanks, dishwashers and laundry rooms, as well as 3 commercial CRU’s over three buildings. The property is currently fully rented but built to strata specification, and the potential exists to stratify and sell the individual units separately in the future.The complex benefits from a partial property tax exemption until 2033. This is a rare opportunity to buy a newer rental asset with stable holding income and future strata sale potential.
Listed by NAI Commercial (Victoria) Inc.
Listing data via VIVA, the MLS® System of the Victoria and Vancouver Island Real Estate Boards; courtesy of NAI Commercial (Victoria) Inc..
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