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$ 16,700,000
Est. payment /mo
New
275 Cypress St Nanaimo, BC V9S 5J9
0.93 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1022254
Rental Info Unrestricted
Annual Tax Amount $84,944
Tax Year 2025
Lot Size 0.930 Acres
Acres 0.93
Property Sub-Type Multi Family
Property Description
Cypress Garden Apartments. 64 suite apartment building with a well balanced suite mix featuring a unique 3750 sq ft Penthouse boasting breathtaking views. Situated in the Brechin Hill neighbourhood, located steps from the scenic seawall and within walking distance to downtown Nanaimo. This property offers investors the opportunity to acquire a large scale apartment building that has been privately owned and managed for over 35 years. Well maintained receiving numerous capital upgrades. Represents a rare opportunity to acquire a property of scale with strong cash flow potential in one of British Columbia's fastest growing municipalities.
Location
Province BC
County Nanaimo, City Of
Area Na Brechin Hill
Zoning R8
Exterior
Parking On Site 1
Total Parking Spaces 64
Others
Tax ID 004-533-470
Ownership Freehold
Listed by Century 21 Harbour Realty Ltd.