Avison Young has sold a two-building apartment complex in Nanaimo, the brokerage tells Western Investor.
The two buildings are situated over 1.39 acres, with a total of 69 rental units. The buildings are both three-storey walkups. The Pine Bluff Apartments were listed for $6.7 million and have a combined assessed value of just over $5 million. The property has townhouse residential zoning.
The properties are located at 380 and 400 Third St., Nanaimo, in the Harewood neighbourhood.
Breakdown:
List Price: $6,700,000
No. of Units: 69
Lot Size: 1.36 acres
Property Type: Multi-family
Zoning: R6
2016 B.C. Assessment Value: $5,014,000
Date of Sale: 10/11/2017
City: Nanaimo
Province: B.C.
Name of Brokerage: Avison Young Commercial Real Estate
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