931 Crace St Active Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9R 2T4
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1012926
Rental Info Unrestricted
Year Built 1928
Annual Tax Amount $10,374
Tax Year 2024
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Multi Family
Property Description
Well-maintained 10-unit rental apartment building at the edge of Nanaimo's harbour and downtown core. Located at 931 Crace Street, the property offers immediate access to Port Place Mall and the new Hullo foot passenger ferry with 70-minute service to downtown Vancouver. The unit mix includes 7 one-bedroom units, 2 two-bedroom, and 1 three-bedroom. This unique character building is being offered at a strong cap rate although there is still significant upside potential upon tenant turnover. Situated in a growing, gentrifying neighbourhood, this is an excellent opportunity to acquire a solid income property with long-term growth potential. More information available.
Location
Province BC
County Nanaimo, City Of
Area Na Old City
Interior
Heating Baseboard,Electric
Heat Source Baseboard,Electric
Exterior
Parking On Site 1
View Y/N Yes
View City,Mountain(s),Ocean
Building
Lot Description Central Location,Easy Access,Marina Nearby,Recreation Nearby,Serviced,Shopping Nearby,Sidewalk
Building Description Stucco, Basement,Bike Storage,Laundry Room,Parking,Shopping Nearby,Transit Nearby
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Stucco
Others
Pets Allowed Yes
Tax ID 008-827-702
Ownership Freehold
Acceptable Financing Must Be Paid Off
Listing Terms Must Be Paid Off