664 Bruce Ave, Nanaimo BC V9R 3Y7

$3,950,000 · For Sale

built 1964 · Commercial Sale

Colliers is pleased to present the opportunity to acquire Country Gardens Apartments, a 19-suite rental complex situated at 664 Bruce Avenue in Nanaimo, British Columbia (the “Property”). The Property comprises three wood-frame residential buildings on approximately 2.25 acres. It features 19 spacious two-bedroom suites averaging ±1,250 SF, with ground-floor patios, upper-level balconies and in-suite laundry. Located along Bruce Avenue within walking distance of Vancouver Island University, University Village Mall, parks, schools and public transit, the Property benefits from a central location and strong tenant fundamentals. The substantial land holding and R6 – Townhouse Residential zoning provide additional long-term redevelopment potential. The Property offers investors the opportunity to acquire an established multifamily asset with stable occupancy, rental upside and future development optionality.

Property details

Property type
Commercial Sale
Lot size
98010
Year built
1964

Photographs

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