275 Cypress St Nanaimo, British Columbia V9S 5J9

$16,700,000

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. (id:46156)

Business

Business Type Accommodation
Name Cypress Gardens

Property Details

MLS® Number 1022254
Property Type Multi-family
Neigbourhood Brechin Hill
Parking Space Total 64
Plan Vip2578

Building

Type Multi-family

Land

Access Type Road Access
Acreage No
Size Irregular 0.93
Size Total 0.93 Ac
Size Total Text 0.93 Ac
Zoning Description R8
Zoning Type Unknown

https://www.realtor.ca/real-estate/29205741/275-cypress-st-nanaimo-brechin-hill