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275 Cypress St

275 Cypress StNanaimo, BC

$15,500,000
Multi-familyMulti-Family
Area
62,378 sqft
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:67651)
OwnershipFreehold
Postal CodeV9S5J9
ZoningR8
HeatingBaseboard heaters, Electric
Parking64 spaces
Annual Tax$89,891
FeaturesCentral location, Other, Marine Oriented

Neighbourhood & Lifestyle