Three new multi-family rentals in Nanaimo sell at $278K per door

The three brand new buildings in North Nanaimo, with a total of 151 rental apartments, sold for $42 million.

By
Avison Young / multi-family team / Vancouver / for Western Investor
January 21, 2021





6971, 6973 & 6975 Island Highway North, Nanaimo, B.C.
— Avison Young, Vancouver, for Western Investor

Property type: Multi-family rental

Location:6971, 6973 & 6975 Island Highway North, Nanaimo, B.C

Number of buildings:3

Number of units:151

Location: 6971, 6973 & 6975 Island Highway North, Nanaimo, B.C.

Size of property: 95,906 square feet (total)

Size of land: 127,294 square feet

Land size in acres: 2.92 acres

Zoning: CC4

Sale price: $42 million

Date of sale: December 17, 2020

Buyer: Skyline Apartment Real Estate Investment Trust

Broker: Avison Young, multi-family team, Vancouver

Brokers: Carey Buntain, Bijan Lalji, Rob Greer, Chris Wieser

 


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